NEW JERSEY DEPARTMENT OF COMMUNITY AFFAIRS
DIVISION OF HOUSING AND COMMUNITY RESOURCES
NEIGHBORHOOD PROGRAMS UNIT

ANNOUNCEMENT

CONTACT: 
Terence Schrider
609-633-6283
tschrider@dca.state.nj.us

The New Jersey Department of Community Affairs is pleased to announce that the Request for Proposals for the 2009 Neighborhood Stabilization Program (NSP) is now available on line through the NJ SAGE system. Applications for NSP will only be accepted through the web-based SAGE system and must be submitted by the end of business on February 6, 2009.

The New Jersey Neighborhood Stabilization Program is a $51 Million award from the US Department of Housing and Urban Development (HUD) as part of the Housing and Economic Recovery Act of 2008.

The NSP will provide funds to municipalities and nonprofit/ for-profit developers to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight in targeted areas. The State’s goal is to stabilize neighborhoods where a rise in foreclosures is contributing significantly to declining home values and property deterioration. NSP funds will be prioritized where the remedies provided for under NSP have a good probability of stabilizing the local housing market.

Eligible applicants include local units of government, including CDBG entitlements and Small Cities jurisdictions; and non profit/ for-profit developers that demonstrate strong financial and organizational capacity, including a proven track record in housing development.

To get more information on the NSP and how to apply, please refer to the SAGE portal and DCA Division of Housing-NSP hyperlinks below.  Prospective applicants that are not currently registered in SAGE may do so by clicking on the  Request SAGE Access link located at the bottom right corner of the web page (as displayed below). *

https://njdcasage.state.nj.us/Portal.asp

http://www.nj.gov/dca/dh/nsp/nspguide.shtml?mniID=4300