NSP FAQ
Q

What is the definition of vacant properties as referenced in NSP Eligible Use E - Redevelop Demolished or Vacant Properties?

Date Published: October 2012

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A

A property is vacant if there is no one occupying it at the time of acquisition. The NSP Policy Alert Explanation of Property Types Under Each Eligible Use published December 2009 states, "Vacant properties includes both vacant land and properties with vacant structures on the land." It should be noted that a property cannot be made vacant. In other words, a grantee cannot encourage in any way a property owner to remove residential or commercial tenants to make the property vacant.

 


Tags: NSP Redevelopment

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FAQ ID:

1121