On behalf of the State of Illinois, the Illinois Housing Development Authority (IHDA) is seeking information from local communities currently pursuing a direct application to the U.S Department of Housing and Urban Development (HUD) under the competitive Neighborhood Stabilization Program Round 2 (NSP 2). In an effort to maximize and increase the federal stimulus dollars available in Illinois, IHDA is seeking information, and will explore collaboration opportunities with lead local applicants as they prepare and finalize their NSP 2 application.
The Neighborhood Stabilization Program provides resources to assist communities to address the negative impact of foreclosed and abandoned properties. The NSP 2 funding round (through HUD) targets resources to communities designated as high need by the federal agency, and requires communities to clearly demonstrate a comprehensive plan and experience able to produce measurable positive impact to areas hardest hit by foreclosures.
Applications are due to the U.S. Department of Housing and Urban Development on July 17, 2009, with a required 10 day public comment period prior to application submission. If your community is currently preparing an application, please notify Adonya Little, NSP Manager at IHDA at: alittle@ihda.org
IMPORTANT NOTEReporting guidelines for owners of Section 8 projects who have received funding pursuant to the American Recovery and Reinvestment Act (ARRA) are now available on HUD's website. See THIS LINK for details. Since the first quarterly report is due no later than October 10th, IHDA urges project owners to immediately address this issue. |