The County was awarded Neighborhood Stabilization Program (NSP) funds under the third round of NSP funding made available by United States Congress referred to as NSP3 funds. The County utilized NSP3 funds for the redevelopment and rehabilitation of vacant and/or abandoned residential properties for the purpose of providing permanent affordable housing. 100% of the funds have been expended and the NSP 3 program has been closed out.
The U.S. Department of Housing and Urban Development (HUD) allocated the amount of $3,285,926 in Neighborhood Stabilization Program (NSP) funds to the County of Orange through the Housing and Economic Recovery Act of 2008. The funds were utilized by selected developers to acquire abandoned or foreclosed homes with high foreclosure abandonment risk scores (as determined by HUD) in unincorporated areas and cities participating in the Urban County of Orange program or Tier 2 cities as designated by the County. The funds were used for homeownership and rental activities within County NSP guidelines. 100% of the funds have been expended and the NSP1 program has been closed out. Refer to the Neighborhood Stabilization Program DRGR Reports below for a summary of NSP funds expenditures.
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