Neighborhood Stabilization Program
The Neighborhood 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.
Am I Eligible?
The federal 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.
Additional 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 available for use in census tracts with an NSP 3 needs score of 7 or greater and located in the communities of Bismarck, Dickinson, Fargo, Minot, West Fargo and Williston. Priority will be given to projects that target units specifically designed to support households earning 50% AMI or less.
How to Apply?
NDHFA is not accepting applications at this time.
Contact the Planning and Housing Development Division at (701) 328-8080 or (800) 292-8621.