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Learn the Basics of the City of Atlanta Neighborhood Stabilization Program - Sat., Feb. 5 | Business

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Learn the Basics of the City of Atlanta Neighborhood Stabilization Program - Sat., Feb. 5
Learn the Basics of the City of Atlanta Neighborhood Stabilization Program - Sat., Feb. 5

The City of Atlanta’s Department of Planning and Community Development has the responsibility for administrative oversight, management and implementation of the city’s Neighborhood Stabilization Program (NSP). 

It is designed to help revitalize neighborhoods and address the national foreclosure crisis.  NSP grants allow municipalities to purchase abandoned, bank-owned foreclosures to help stabilize communities hit hardest by the crisis.  

On Saturday, Feb. 5, 2011, the city's Office of Housing is hosting a public information session.  The community is invited to attend the free event.  Here are the details:

NSP Public Information Session: Saturday, Feb, 5, 2011 - 10:00 a.m. to 12:00 p.m., Old Council Chambers, 68 Mitchell Street.

More Important Information about the City of Atlanta NSP:

In September 2010, the U.S. Department of Housing and Urban Development (HUD) has allocated $4.9 million to the City of Atlanta under a third round of NSP funding known as NSP3.

NSP3 funds will be used to stabilized neighborhoods whose viability has been, and continues to be, damaged by the economic effects of properties that have been foreclosed upon and abandoned. The funds will specifically be used for the purpose of assisting in the redevelopment of abandoned and foreclosed homes in targeted neighborhoods in the City of Atlanta.

The City of Atlanta is soliciting public comments on the NSP3 substantial amendment to the 2010-2014 City of Atlanta Local Consolidated Plan and 2010 Annual Action Plan from January 28, 2011 – February 14, 2011. The NSP3 substantial amendment will be available for review on the City of Atlanta website.  For more information about the City of Atlanta NSP click here.