Thursday, March 18, 2010

HUD POSTS LOCAL NSP PERFORMANCE REPORTS

NEWS from the National Housing Law Project. "After significant pressure from advocates, HUD has now posted the contact information and quarterly performance reports for all of the Neighborhood Stabilization Program (NSP) grantees. Check it out at here. Among other things, this information will help local advocates identify the communities in which NSP funds are being spent, the number of foreclosed or abandoned properties that have been acquired, and the amount of funds that the jurisdiction has expended so far. Advocates can also see whether and how the jurisdiction is meeting its mandate to use at least 25% of NSP funds to house families at or below 50% of area median income."

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