The U.S. Department of Housing and Urban Development's new Neighborhood Stabilization Program (NSP) provides targeted emergency assistance to states and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. This program is authorized under Title III of the Housing and Economic Recovery Act of 2008.
Neighborhood Stabilization Program (NSP) Application/Substantial Amendment
On July 21, 2010, Congress passed the Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank), which includes $970 million appropriated to NSP3 for the purpose of providing continuing assistance in redevelopment of foreclosed/abandoned or vacant properties. These new funds were allocated to qualifying entities and are to be used for the purpose of assisting in the redevelopment of abandoned and foreclosed homes and vacant properties. The City of Perris was allocated $1,342,449 of NSP3 funds. These funds will be used to develop affordable housing within specific target areas outlined the following amendment and application data.
2016 Quarterly Reports
2015 Quarterly Reports
2014 Quarterly Reports
Citizen comments on this proposed substantial amendment are welcomed. Send comments to the City’s Housing Division:
City of Perris
101 N. D Street, Perris, California.
Notice of Release of Funds
In, 2011, the City of Perris submitted a request to the U.S. Department of Housing and Urban Development (HUD) for the release of Neighborhood Stabilization Program 3 (NSP3) Grant Funds, as authorized under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, to undertake the following NSP3 activity: NSP-F031 Single Family New Construction. Read the entire release of funds document...