The City of Arlington has successfully fulfilled its responsibilities to the U.S. Dept of Housing and Urban Development (HUD) under the Neighborhood Stabilization Program (NSP). All NSP grant funds were utilized for grant eligible purposes within the grant period.
History of the NSP program in Arlington:
The Neighborhood Stabilization Program (NSP) was established by the Housing and Economic Recovery Act of 2008 on July 30, 2008. The purpose of the NSP is to help the community address foreclosures in its neighborhoods.The City of Arlington’s NSP is administered by the Housing Authority of the City of Arlington. Please click on the links below for information about how the NSP funding was utilized.The NSP was a four year grant that ended in March 2013. The Program was designed to address the harmful impact to neighborhoods caused by a high incidence of home foreclosures. NSP funding was not permitted to be used to prevent foreclosures.The City of Arlington designed a program to address foreclosed properties in two areas located in East and Southeast Arlington. These were identified by HUD as areas with a high incidence of home foreclosures. The City adopted a three-phased strategy.In Phase One, the City utilized NSP funds to create a financial mechanism to assist qualified homebuyers to acquire vacant, foreclosed properties in the target areas. This initiative assisted 28 households to acquire vacant, foreclosed properties.In Phase Two, the City acquired 8 vacant, single family homes in the target areas, rehabilitated the homes and sold the homes to qualified homebuyers.In Phase Three, the City acquired 2 vacant, single family homes that were in seriously substandard condition, demolished the homes, redeveloped the sites with new, single family homes, and sold the homes to qualified homebuyers. The City bid design-build services in June 2016. The contract was awarded to Tarrant County Housing Partnership, Inc., and construction began in 2017. Both homes were completed and sold in early 2018.At the conclusion of the grant, the City satisfied all NSP program requirements and expended all NSP grant funds on grant eligible activities.