NSP FAQ
Q

The NSP2 NOFA required that an applicant's grant request must "have the effect of either returning a minimum of 100 abandoned or foreclosed homes back to productive use or otherwise eliminating or mitigating their negative effects on the stability of the target geography." How is "unit" defined in regards to this requirement?

Date Published: October 2012

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A

The number of units at the time of acquisition (before any demolition, rehabilitation, or new construction occurs) would count toward the 100 unit goal. If the property was demolished before acquisition, the general rule is to count only the number of units in the original dwelling or in the last residential property on the site. However, if the site was converted from commercial to residential use, it is permissible to count towards the goal all of the units created with the help of NSP funds.


Tags: NSP Program Requirements - Eligible Activities/Uses

FAQ ID:

881