Neighborhood Stabilization Program

Application Coming Soon
The application for the next round of NSP funding will open later in the Fall of 2022. Please check back soon for more information.

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
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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.

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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
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How to Apply

The application for the next round of NSP funding will open later in the Fall of 2022. Please check back soon for more information.

+ Read More - Less