NSP FAQ
Q

What kinds of property types are eligible for acquisition, redevelopment, and disposition under NSP?

Date Published: October 2012

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A

The following property types are all eligible for NSP assistance:

  • Vacant, demolished, foreclosed, or abandoned properties
  • Properties owned by public agencies that are abandoned foreclosed or vacant
  • Tax reverted properties in an NSP grantee’s housing inventory
  • HUD REO foreclosed properties
  • Foreclosed properties owned by non-profit developers and mortgage providers (such as Habitat for Humanity
  • Bank donated foreclosed properties.

See the NSP Policy Alert: Guidance on Property Types under Each NSP Eligible Use for more information.


Tags: NSP Program Requirements - Eligible Activities/Uses

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FAQ ID:

847