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Neighborhood Stabilization Program (NSP)

The Ashland County Housing Authority provides service of the Wisconsin Neighborhood Stabilization Program (NSP) in Ashland County only.

For a Neighborhood Stabilization Program Application, see this link.

The Neighborhood Stabilization Program provides assistance to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.  The program is authorized under Title III of the Housing and Economic Recovery Act of 2008.  HUN is treating Neighborhood Stabilization Program funds as a special allocation of Fiscal Year (FY) 2008 CDBG funding.  Neighborhood Stabilization funds can be used to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of property values of neighboring homes.

Eligible Activities

All activities funded under the NSP progam must be CDBG-eligible and must meet the CDBG low-and moderate-income national objective. Certain CDBG rules have been superseded to allow the eligible uses described under the Housing and Economic Recovery Act (HERA). This provision redefines and supersedes the definition of "low- and moderate-income" effectively allowing households with incomes up to 120% CMI (middle income) to Qualify.

The categories of eligible activities include:

HUD NSP Household Income Limits


COUNTY
CMI%
1 person
2 people
3 people
4 people
5 people
6 people
7 people
8 people
Ashland
0%-50%
21,000 14,400 16,200 17,950 19,400 20,850 22,300 23,700
  51%-120%
50,300 57,500 64,700 71,900 77,650 83,400 89,150 94,900