What is Neighborhood Stabilization Program (NSP)?
The U.S. Department of Housing and Urban Development's (HUD) new Neighborhood Stabilization Program (NSP) provides
assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become
sources of abandonment and blight within their communities. The NSP provides grants to every state and certain local
communities to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order
to stabilize neighborhoods and stem the decline of house values of neighboring homes.
For the State of Delaware NSP, HUD provided $19.6 million to Delaware State Housing Authority (DSHA). DSHA, in turn,
has allocated funds from the $19.6 million to local jurisdictions through a competitive process based on need and on
each applicant's proposed impact statewide.
How Do I Participate? Contact your local Housing Counseling Agency
Each household wishing to purchase a home through the NSP must successfully complete HUD-certified housing
counseling sessions to ensure that they are mortgage ready and understand the risks, responsibilities and rewards of
homeownership. All NSP funds must be used to create affordable rental and homeownership opportunities for households
at or below 120% of Area Median Income (AMI). These households must have incomes equal to or less than the amounts
shown below for their county and household size.
Housing Counseling Agency Referral List
Who was awarded NSP Funds?
The following jurisdictions (sub-grantees) have been awarded funds. Each jurisdiction has a different program to
cater to the need in their area. For more information on the jurisdiction that you are interested in buying a home
please use the links in the left menu.
New Castle County
City of Wilmington
City of Dover
Delaware Analysis of Impediments to Fair Housing Choice