The Housing and Economic Recovery Act of 2008 provided the City of Milwaukee with $9.2 million in federal funding to launch the Neighborhood Stabilization Program (NSP) to address foreclosed properties in Milwaukee neighborhoods impacted by the foreclosure crisis. These funds were fully obligated as of September of 2010.  The City has also received $25 million of NSP2 funds through the American Recovery and Reinvestment Act, which must be spent by February of 2013.  With input from the Milwaukee Foreclosure Partnership Initiative, the Common Council Special Joint Committee on the Redevelopment of Abandoned and Foreclosed Homes, and the community, the City prepared a plan to guide efforts to utilize this NSP2 funding.

The Neighborhood Stabilization Program (NSP2) Plan and related activities for the City of Milwaukee are outlined below.

» City of Milwaukee NSP2 Plan

**UPDATE**

After October 1st, 2012, Homebuyer Assistance and Rental Rehabilitation loans will only be available for properties in the parts of Sherman Park and the
Layton Boulevard West neighborhoods which are included
in the NSP3 Program Area.

» NSP Homebuyer Assistance Program

Guidelines/FAQ       Application       Tenant Protection Certification
Completed and Signed Gift Letter (if applicable)

The NSP Homebuyer Assistance Program provides funding to help prospective homeowners purchase and rehabilitate foreclosed homes they will occupy as their primary residence. Both financial and technical assistance are provided as part of the program. 

» NSP Rental Rehabilitation Program

Guidelines/FAQ       Application       Tenant Protection Certification
The NSP Rental Rehabilitation Program provides funding to help responsible landlords purchase and rehabilitate foreclosed homes for affordable rental opportunities. Both financial and technical assistance are provided as part of the program.