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Posts Tagged ‘neighborhood stabilization program’

10% off HUD foreclosed homes for non-users

By • Jul 28th, 2010 • Category: real estate newsflash

Effective immediately, the Federal Housing Administration (FHA) has implemented yet another program to market foreclosed homes, this one called the Neighborhood Stabilization Program (NSP). NSP will sell Department of Housing and Urban Development (HUD) foreclosed homes under the FHA’s First Look Sales Method, which grants first option and financing to purchase HUD foreclosed homes to [...]


Yet another federal program experiences difficulty stabilizing SFR housing

By • Apr 14th, 2010 • Category: real estate newsflash

The federal Neighborhood Stabilization Program is on a course that will see it added to the list of unsuccessful government housing initiatives, according to a recent report from the Department of Housing and Urban Development (HUD). The Neighborhood Stabilization Program was put into place one year ago, and allocated $4 billion to approximately 300 local [...]