Secretary Donovan Announces $2 Billion In Recovery Act Funds To Stabilize Neighborhoods Hard-Hit By Foreclosure
Monday, May 4, 2009
HUD solicits grant applications under Neighborhood Stabilization Program
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced that HUD is now soliciting grant applications under the Department's Neighborhood Stabilization Program (NSP) to make available nearly $2 billion in Recovery Act funding to states, local governments and non-profit housing developers to combat the effects of home foreclosures. Applications for NSP funds will be due July 17, 2009.
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