Overview
The Housing and Economic Recovery Act (HERA) was enacted on July 30,
2008 and created the Neighborhood Stabilization Program (NSP) and
appropriated $3.92 billion to be distributed to states and local
governments to address the effects of abandoned and foreclosed
properties in the nation’s communities. Cuyahoga County received $11.2
million of these funds. The $11.2 million awarded to Cuyahoga County
will be used to deal with vacant and foreclosed housing located in 50
suburbs making up the Cuyahoga Urban County. These are the same 50
suburbs in which Development can make housing rehabilitation loans and
Municipal Grants.
The cities of Cleveland Heights, Euclid, Lakewood, Parma, East
Cleveland and Cleveland also received awards under this Neighborhood
Stabilization Program. Total funding for all these “NSP” programs
within the borders of Cuyahoga County is more than $47 million.
Competitive Neighborhood Stabilization Program Round 2 Application
Meetings
There are currently no meetings scheduled.
Application Materials
Demolition Fund (eligible Urban County Municipalities only)
NSP Lottery Results
On April 24, 2009 the Department of Development received 81 eligible
applications from 45 developers interested in using NSP funds to
acquire, renovate and resell single family homes in 12 Cuyahoga County
communities. On April 28, 2009 a lottery was held to determine the
order in which applications will be considered for funding. Click here to view the lottery results.
Resources for Homeowners and Tenants
While Neighborhood Stabilization Program funds may not be used to help existing homeowners and tenants, by law, other community resources are available.
Homeowners having difficulty paying their mortgage should call "211" for referral to nonprofit counseling agencies that may be able to help negotiate payment plans or loan modifications and possibly offer one-time mortgage payment assistance.
Tenants concerned that the home or apartment they rent may be in foreclosure should also call "211" for referral to nonprofit agencies that may be able to help with advice on tenants' rights and assistance with moving costs if needed.
Once such agency that assists tenants is Cleveland Tenants Organization, at (216) 432-0617. With financial support from Cuyahoga County, mailings are sent to tenants when the home they rent first goes into foreclosure. This advance warning allows tenants time to plan for an orderly move, instead of having to move on short notice when the foreclosure process is complete. Cleveland Tenants Organization and other community based nonprofit agencies are advocating for legal reforms to allow tenants to stay in their homes, as long as they pay rent, even after the foreclosure sale is complete.