NSP FAQ
Q

If a property was purchased prior to NSP and prior to the completion of an Environmental Review, and qualifies as "foreclosed" or "abandoned", can NSP funding be used to rehabilitate the property?

Date Published: October 2012

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A

Yes, if the grantee completes the environmental review based on the rehabilitation only. In this case, NSP funds cannot be used to reimburse the purchase price; this would be done at the time of sale or refinancing.


Tags: NSP Program Requirements - Eligible Activities/Uses

FAQ ID:

858