City of San José
Home MenuPopular Searches
68℉Neighborhood Stabilization Program
The Neighborhood Stabilization Program (NSP) is a federal program that was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties, the goal of the program is being realized.
Under NSP1, as authorized under the Housing and Economic Recovery Act (HERA) of 2008, the City of San José received $5.6 million. Under NSP2, as authorized under the American Recovery and Reinvestment Act (ARRA) of 2009, the Housing Trust Fund of Santa Clara, the City of San José, and Neighborhood Housing Services Silicon Valley received $25 million.
In addition to purchasing, rehabilitating, and reselling foreclosed properties in targeted areas, NSP2 also provides secondary financing for income-eligible individuals. A minimum of 25% of the funds will be used to acquire and rehabilitate rental housing for individuals and families whose incomes do not exceed 50% of the area median income.
NSP Resources
For more information on the NSP Program please go to the HUD Exchange.
Letter to the U.S. Department of Housing and Urban Development dated March 4, 2015 from the Housing Trust requesting approval of a technical amendment to the Action Plan of its Neighborhood Stabilization Program 2 (NSP2).
Funded Projects
| Project Name | Funding Amount | Description | Contact |
|---|---|---|---|
| Taylor Oaks | $5,505,000 | Rehabilitation of 58-unit apartment affordable to VLI and ELI families |
Leif Regvall |
| Ford and Monterey (Special Needs Apartments) | $3,000,000 | New 20-unit apartment for persons with special needs | Leif Regvall |
| Ford and Monterey (Family Apartments) | $1,770,000 | New 74-unit apartment affordable to LI, VLI and ELI families | Leif Regvall |
For additional information on the NSP Program, please contact Tascha Mattos at tascha.mattos@sanjoseca.gov.
Previous NSP 1 & 2 HUD Quarterly Reports
Neighborhood Stabilization Program 1
- June 30, 2015
- March 31, 2015
- June 30, 2014
- December 31, 2013
- September 30, 2013
- March 31, 2013
- June 30, 2010
Neighborhood Stabilization Program 2
- December 31, 2018
- September 30, 2018
- March 31, 2018
- December 31, 2017
- September 30, 2017
- June 30, 2017
- March 31, 2017
- December 31, 2016
- September 30, 2016
- June 30, 2016
- March 31, 2016
- December 31, 2015
- September 30, 2015
- June 30, 2015
- March 31, 2015
- December 31, 2014
- September 30, 2014
- June 30, 2014
- March 31, 2014
- December 31, 2013
- September 30, 2013
- June 30, 2013
- March 31, 2013
- December 31, 2012
- September 30, 2012
- June 30, 2012
- March 31, 2012
- December 31, 2011
- September 30, 2011
- June 30, 2011
- March 31, 2011
- December 31, 2010
- September 30, 2010
- June 30, 2010
Previous Action Plans in the Disaster Recovery Grant Reporting System (DRGR)
Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.
Windows Media Player
Word Viewer
Excel Viewer
PowerPoint Viewer
