Date Published: February 2013
NSP1 is the original program that refers to the $3.92 billion authorized under the Housing and Economic Recovery Act (HERA) of 2008. NSP2 was authorized under the American Recovery and Reinvestment Act (the Recovery Act) of 2009 and provided $2 billion in funding. NSP3 was authorized under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010 and provided $1 billion in funding. Unlike NSP1 and NSP3 which provided funding on a formula basis to states and local governments, NSP2 provided funding through a competitive application process to governments and nonprofits.
NSP1 included an 18 month obligation deadline that required grantees to obligate 100% of their funds for expenditure by this deadline. Grantees of NSP2 and NSP3 funding are required to spend 50% of their allocation within two years, and 100% within three years.
For more information on all three NSP appropriations and the regulations tied to each, go to the NSP Laws and Federal Register Notices page.