Neighborhood Stabilization Program
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
» NSP2 Program Area Map
» NSP2 & NSP3 Program Area Census Tracts
» NSP3 Program Area Map (effective 11/05/2012)
» NSP Acquisition/Rehabilitation Program
The NSP Acquisition/Rehabilitation Program acquires and rehabilitates foreclosed homes and then sells them to income-eligible owner-occupant homebuyers. NIDC and its development partners have fully renovated move-in ready homes for sale.
Click here to view list of rehabilitated homes.