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Neighborhood Stabilization Program (NSP)

February 23, 2009

3273177Obama’s new housing stimulus bill provides $2,000,000,000 in additional funding for the Neighborhood Stabilization Program (NSP). The funds can be used to purchase, manage, repair and resell foreclosed and abandoned properties. In addition, the funds can also be used by states and localities to establish financing methods for the purchase and redevelopment of foreclosed properties.

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