NSP1
HUD awarded grants to a total of 309 grantees including the 55 states and territories and selected local governments to stabilize communities hardest hit by foreclosures and delinquencies. The regulations for NSP1 grantees are noted at 73 FR 58330. Revisions to these regulations are noted in the NSP Bridge Notice (Coming Soon).
State and Local NSP Allocations
NSP1 grantees were selected on the basis of statutory objectives and a greatest need formula developed by HUD. Each of the 50 states and Puerto Rico received a minimum award of $19.6 million. Insular areas and the District of Columbia were also stipulated to receive a direct award. The other grantees that received direct awards were selected on the basis greatest need factors (e.g. highest rate of foreclosures, subprime mortgages, abandoned homes, etc.) with a minimum grant threshold of approximately $2 million. The map below lists each NSP grantee allocation by state.
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