Visit the list of links below to access information about foreclosure prevention efforts and neighborhood stabilization initiatives. For more information on the Foreclosure Taskforce, please contact NHC Policy Associate Clare Duncan.
Weekly Policy Updates
Follow this link to receive additional news, events, and resources related to Foreclosure Prevention and Neighborhood Stabilization Initiatives. This section is updated weekly.
Resources
National Foreclosure Prevention and Neighborhood Stabilization Task Force Sign-On Letters, Press Statements, and Presentations
- Taskforce Supports Project Rebuild in the Senate (10/17/11)
- Taskforce Supports Project Rebuild in the House (10/5/11)
- Taskforce Submits Recommendations on the Disposition of REO Properties (9/15/11)
- Taskforce Submits Recommendations on the QRM rule (7/27/11)
- Taskforce Supports Housing Counseling Funding in the House (7/8/11)
- Taskforce Supports NSP Funding in the Senate (5/2/11)
- Task Force Supports NSP Funding At Rescission Hearing and Mark-Up (3/8/11)
- Task Force Thanks Chairman Dodd, Chairman Frank, and Chairwoman Waters for Their Work on NSP3 (8/23/10)
- Foreclosure Task Force Hails Bill Signing- $1 Billion In Funding Secured To Help Stabilize Communities Nationwide
- Task Force Thanks HUD for Their Work on NSP Issues (5/21/10)
- Task Force Recommends NSP Vacant Property Change (11/18/09)
- Task Force Releases Statement to Add NSP Funding to Economic Recovery Package Conference Bill (2/10/09)
- Task Force Urges Senate to Keep NSP Funding in Economic Recovery Package (2/3/09)
- Task Force Urges Congress to Include $5 Billion in NSP Funding in Economic Stimulus Package (12/19/08)
- Prepared in Response to FDIC’s Approach to Loan Modifications for Families Facing Foreclosure (11/19/08)
- National Foreclosure Prevention and Neighborhood Stabilization Responds to FDIC’s Approach to Loan Modifications for Families Facing Foreclosure (11/19/08)
- Confronting the Neighborhood Impacts of Foreclosure – Presentation materials and best practices from the Federal Reserve Board (10/20/08)
NSP Resources from the US Department of Housing and Urban Development (HUD)
- HUD: Neighborhood Stabilization Program
- NSP 2 Correction Notice (11/9/09)
- NSP 2 FAQs (11/9/09)
- NSP Bridge Notice
- NSP1 Recapture and Reallocation Notice and Guidance (8/23/10)
NSP Summaries
- Summary of NSP3 Notice
- Summary of NSP1 Recapture and Reallocation Notice
- Summary of NSP3 in the Dodd-Frank Wall Street Reform and Consumer Protection Act
- Summary for Other Foreclosure Programs in the Dodd-Frank Wall Street Reform and Consumer Protection Act
- July 2010 Update: Outstanding NSP1 and NSP2 Task Force Issues
- June 2010 Update: Outstanding NSP1 and NSP2 Task Force Issues
- November 2009 Update: Outstanding NSP1 and NSP2 Task Force Issues
- June 2009 Update: Outstanding NSP1 and NSP2 Task Force Issues
- Summary of NSP Bridge Notice
- NSP 1 Quarterly Performance Reports (8/11/09)
Compiled by the National Housing Law Project - NSP 2 Proposals, Public Comment Periods, Applications (7/15/08)
Compiled by the National Housing Law Project
PLEASE NOTE: You can update the two shared documents above with additional information as it relates to your city, state or county.
Other Resources from the US Department of Housing and Urban Development (HUD)
- NSP State and Local Action Plans (12/2008)
- HOPE for Homeowners Program (10/1/08)
- Neighborhood Stabilization Program (NSP) Procedures and Requirements (9/30/08)
- Neighborhood Stabilization Program Targeting
- Neighborhood Stabilization Program
Other Legislation
Organizations and Coalitions
- Save America’s Neighborhoods Campaign
- National Vacant Properties Campaign
- Stable Communities Web site
- HOPE NOW
Enterprise Community Partners Resources
- Ten Solutions to Improve the Effectiveness of HUD’s Neighborhood Stabilization Program – Resource from Enterprise Community Partners (11/25/08)
- Policy Solutions to the Foreclosure Crisis: Past, Present and Future – Resource from Enterprise Community Partners (12/2008)
National Community Stabilization Trust Resources
- National Community Stabilization Trust
- National Community Stabilization Trust: Overview (12/2008)
- National Community Stabilization Trust: Guide for State and Local NSP Recipients (12/2008)
NCB Capital Impact Resources
- How to Use the Neighborhood Stabilization Program for Shared Equity Homeownership – Resource from NCB Capital Impact. (12/2008)
- Long-Term Affordability Template – Resource from NCB Capital Impact.
Land Bank Resources
- Land Bank Authorities: A Guide for the Creation and Operation of Local Land Banks (12/2008)
- Genesee County Land Bank (12/2008)
- Land Banking as Metropolitan Policy (10/28/08)
Additional Resources
- Policy Map – Provided by The Reinvestment Fund, this online mapping tool aids investors applying to HUD for NSP grant dollars in understanding places and considering investment strategies.
- Foreclosure-Response.org – This initiative from the Center for Housing Policy, KnowledgePlex, the Local Initiatives Support Coalition (LISC) and the Urban Institute provides tools for states and localities regarding the use of Neighborhood Stabilization funds.
- Transforming Foreclosed Properties Into Community Assets – Resource from the Furman Center for Real Estate and Urban Policy at New York University (12/2008)
- Foreclosure Update: Over 8 Million Foreclosures Expected (Credit Suisse Report) (12/4/08)
- Position Paper – How To Spend $3.92 Billion: Stabilizing Neighborhoods by Addressing Foreclosed And Abandoned Properties