Neighborhood Stabilization Program
APPLICATIONS CLOSED: The deadline for submission of applications for the Neighborhood Stabilization Program was Thursday, April 28, 2022 at 5 p.m.
The Neighborhood Stabilization Program addresses disinvestment and blighted conditions in communities across Massachusetts, offering capital grant funds for small homeownership or rental construction, reconstruction, renovation or repair of substandard properties.
The Neighborhood Stabilization Program helps cities and towns, non-profits and community development corporations to create new homeownership opportunities in 1-4 unit properties; assist homeowners in need of extensive home repairs; or help rehab rental properties with 15 units or less.
MassHousing is administering the Neighborhood Stabilization Program utilizing a $6.4 million allocation of state bond funds this fiscal year.
Who can apply?
Eligible applicants for Neighborhood Stabilization Program funds include
- Cities and towns and their agencies, boards, commissions, authorities, departments or instrumentalities
- Community development corporations
- Non-profit organizations
How can NSP funds be used?
Neighborhood Stabilization Program funds can be used for activities where the scope of work includes construction, reconstruction, renovation, repair or improvement of eligible properties.
Work can include hazardous materials abatement, mobility adaptations and other work that will mitigate blighted or substandard conditions.
Funds may be used to rehab or create 1-4-unit homeownership properties or small-scale (15 units or less) rental properties.
What properties are eligible?
Eligible properties must meet one or more of the following criteria
- Have been cited for building and/or safety code violations
- Are subject to loss of property insurance due to substandard conditions
- Are otherwise blighted and substandard
How to Apply
Applications for the Neighborhood Stabilization Program are currently closed.