The Neighborhood Stabilization Program (NSP) awarded grants to Missouri communities to assist in the acquisition, rehabilitation, and resale of foreclosed homes to income qualifying persons/families. Resale was limited to persons/families of low, moderate and middle income (LMMI) status.
The State received two separate allocations of NSP funding: $42,664,187 through the Neighborhood Stabilization Program and an additional $5,000,000 through Neighborhood Stabilization Program III (NSP3).
All NSP and NSP3 funds have been awarded to units of local government and other eligible entities (list below).
Neighborhood Stabilization Program authorized by the Housing and Economic Recovery Act of 2008. Neighborhood Stabilization Program III (NSP3) authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
|St. Louis City||DN-17||2,325,993.00|
|St. Louis City||DN-305||1,600,000.00|
|St. Louis County||DN-18||6,466,168.00|
|St. Louis County||DN-306||2,946,047.00|
|St. Louis (city)||2011-DN-03||1,000,000|
|St. Louis County||2011-DM-04||1,000,000|
NSP Quarterly Reporting:
Department of Economic Development
Division of Business and Community Services
301 West High Street, Room 770
P.O. Box 118
Jefferson City, MO 65102
Phone: (573) 751-3600 Fax: (573) 526-4157