NEW ORLEANS REDEVELOPMENT AUTHORITY NEIGHBORHOOD STABILIZATION PROGRAM

TECHNICAL ASSISTANCE (THROUGH ENTERPRISE COMMUNITY PARTNERS)

Congress created the Neighborhood Stabilization Program (NSP) in 2008 to help communities deal with problems resulting from the national foreclosure crisis. Generally, the funds directed to chosen NSP communities must be used to purchase, repair, and resell foreclosed and abandoned homes to qualified buyers. 

In 2009, The U.S. Department of Housing and Urban Development (HUD) rolled out Phase 2 (NSP2). NSP2 funds have been allocated to only 56 grantees based on a competitive evaluation of approximately 500 applications from around the United States. One of the grantees selected was the New Orleans (NOLA) Consortium lead by NORA. Through this program, NORA received $29 million in funding to work with 16 different non-profit and for-profit affordable housing developers in New Orleans to build over 400 multi and single family affordable residential units and NORA as the lead applicant. All funds are dispersed directly by HUD.

For two years, Urban Focus® provided technical assistance to the New Orleans Redevelopment Program through Enterprise Community Partners on their Neighborhood Stabilization Program funding.

Photos: Courtesy of Gulf Coast Housing Partnership, Before/After Photos: Courtesy of Redmellon