HUD Improves Transparency in the Neighborhood Stabilization Program

After repeated requests from advocacy organizations, including the Housing Justice Network, HUD has posted on its website performance reports for the Neighborhood Stabilization Program (NSP). Among other things, these reports 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 with the money, and the amount of funds that the jurisdiction has expended so far. Advocates can also see whether and how their jurisdictions are meeting the statutory mandate to use at least 25% of NSP funds to house families at or below 50% of area median income. Click here to view the reports.