Neighborhood Stabilization Program

About the Program
The Neighborhood Stabilization Program was established to provide emergency assistance for the redevelopment of eligible abandoned and foreclosed properties.
Housing and Urban Development (HUD)'s new Neighborhood Stabilization Program (NSP) provides targeted emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. The City of Sterling Heights has been allocated $2,454,961 to address the areas of greatest need within the City.

Fund Usage
NSP funds may be used for activities, which include, but are not limited to:
  • Establish financing mechanisms for purchase and redevelopment of foreclosed homes and residential properties
  • Purchase and rehabilitate homes and residential properties abandoned or foreclosed
  • Establish land banks for foreclosed homes
  • Demolish blighted structures
  • Redevelop demolished or vacant properties
Ineligible Uses
  • Foreclosure prevention activities
  • Demolition of non-blighted structures
  • Purchase of properties not abandoned or foreclosed upon
  • Costs related to correcting code violations
Substantial Amendment