NSP FAQ
Q

Can vacant land be redeveloped with new construction and count toward the 25% set-aside?

Date Published: October 2012

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A

Vacant, abandoned or foreclosed properties and new construction of previously residential or commercial properties used to house individuals and families at or below 50% AMI may be used to meet the 25% set aside requirement. The Dodd-Frank Act allowed that, as of the effective date of the Act, any NSP eligible property could be used to satisfy the 25% set aside requirement.


Tags: NSP Program Requirements - 25% Set Aside

FAQ ID:

396