Neighborhood Stabilization Program (NSP)
MassHousing is pleased to announce its second funding round for the Neighborhood Stabilization Program.
The NSP addresses disinvestment and blighted conditions in Massachusetts communities, offering capital grant funds for redevelopment, reconstruction, renovation or repair of substandard and/or blighted properties to help stabilize neighborhoods across the Commonwealth.
The NSP 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 rehabilitate rental properties with 15 units or less.
MassHousing has approximately $8.1 million available for this NSP funding round. Applications must be submitted by 5:00 p.m. on Tuesday, January 10, 2023 to be considered for this funding round.
Information Sessions and Workshops
Application Information Session
Budget Development Zoom Workshop
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
The Neighborhood Stabilization Program application forms and instructions can be found here. Applications must be submitted by 5:00 p.m. on Tuesday, January 10, 2023 to be considered for this funding round.