Neighborhood Stabilization

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To help stem the tide of foreclosures during the economic collapse beginning in 2008, the City applied for a Neighborhood Stabilization Program (NSP) grant through the U.S. Department of Housing and Urban Development (HUD). The NSP grant is actually an amendment to the City’s Community Development Block Grant Program. The NSP provides 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. It allowed the City to purchase foreclosed or abandoned homes to rehabilitate, resell, or redevelop them in order to stabilize neighborhoods and stem the decline of house values of neighboring homes. The NSP also provided financial assistance to qualifying families for acquisition of foreclosed and vacant properties. The City of Southfield is currently in the process of closing out this program and related reporting.