Neighborhood Stabilization Program
Stabilization Program (NSP) provides funds to purchase foreclosed, abandoned or
vacant property and redevelop these properties into housing in order to
stabilize neighborhoods and stem the decline of house values.
Housing and Economic Recovery Act of 2008 funded the first program, known as
NSP1. Eligible properties must be located in Bismarck, Minot, West Fargo,
Mandan, Jamestown, Dickinson, Williston, Grafton, Wahpeton, Lincoln, Devils
Lake, Valley City and Casselton; within 25 miles of the identified cities; or on
the state’s four Indian Reservations.
funding was authorized under Section 1497 of the Dodd-Frank Reform and Consumer
Protection Act of 2010 and it is referred to as NSP3. The NSP funds are only
available for use in targeted census tracts in the following communities of
Alexander, Belfield, Bowman, Dickinson, Fargo, Glenburn, Grand Forks, Mohall,
Ray, Rolla, Rolette, Sherwood, South Heart, Tioga and Williston.
NDHFA invites the public to comment on amendments to its NSP3 abbreviated plan. Written comments must be submitted by close on business on Dec. 19 to Jennifer Henderson at NDHFA, PO Box 1535, Bismarck, ND 58502-1535.
For questions, contact the Planning and Housing Development Division Director at (701) 328-8080 or (800) 292-8621.
North Dakota Housing Finance Agency
2624 Vermont Avenue, PO Box 1535, Bismarck, ND 58502-1535
Bismarck Main Office -- (701) 328-8080 | Nation Wide Toll Free (800) 292-8621 | Fax (701) 328-8090 | TTY (800) 366-6888
Fargo Field Office -- (701) 239-7255 | ND Toll Free (877) 239-3200 | Fax (701) 239-7257 | TTY(800) 366-6888
Equal Housing Opportunity