On February 27, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009. The purpose of the Act is to stimulate the economy with a focus on job creation and retention and investing in long term infrastructure. Specifically, the Act appropriated $1.93 billion in a competitive second round of Neighborhood Stabilization Program (NSP) funds to states and local governments to carry out, on an expedited basis, eligible activities under NSP. The Department of Housing and Community Development has developed a draft application for public comment.
The Department held a series of internal and external stakeholder meetings to develop this application. Information about the requirements and thresholds for the NSP application can be found at www.hud.gov/nsp.
The Department’s draft submission is available below. To submit comments or for additional information on these or other stimulus programs, please contact Kathryn Howell by phone at (202) 442-7200 or by email at housing.recovery@dc.gov. The public comment period will close on July 10, 2009. The final application is due to the Department of Housing and Urban Development on July 17, 2009.