Overview
The Housing and Economic Recovery Act (HERA) was enacted on July 30, 2008 and created the Neighborhood Stabilization Program (NSP) and appropriated $3.92 billion to be distributed to states and local governments to address the effects of abandoned and foreclosed properties in the nation’s communities. Cuyahoga County received $11.2 million of these funds. The $11.2 million awarded to Cuyahoga County will be used to deal with vacant and foreclosed housing located in 50 suburbs making up the Cuyahoga Urban County. These are the same 50 suburbs in which Development can make housing rehabilitation loans and Municipal Grants.
The cities of Cleveland Heights, Euclid, Lakewood, Parma, East Cleveland and Cleveland also received awards under this Neighborhood Stabilization Program. Total funding for all these “NSP” programs within the borders of Cuyahoga County is more than $47 million.
RFP for NSP 2 Funding are now being accepted
The Cuyahoga County Land Reutilization Corporation (Landbank)
is accepting Request for Proposals for Neighborhood Stabilization Program 2 very
low income rental housing. Additional details are available at www.Cuyahogalandbank.org.
Competitive Neighborhood Stabilization
Program Round 2 Application
Introduction
The Cuyahoga County Department of Development (“County”) is soliciting qualification proposals from for‐profit and nonprofit developers interested in participating in the Cuyahoga County NSP 2 Acquisition, Rehab and Resale Loan Program (see attached Program Description).
Application Materials
Demolition Fund (eligible Urban County Municipalities only)
Reports
NSP Quarterly Reports
Resources for Homeowners and Tenants
While Neighborhood Stabilization Program funds may not be used to help existing homeowners and tenants, by law, other community resources are available.
Homeowners having difficulty paying their mortgage should call "211" for referral to nonprofit counseling agencies that may be able to help negotiate payment plans or loan modifications and possibly offer one-time mortgage payment assistance.
Tenants concerned that the home or apartment they rent may be in foreclosure should also call "211" for referral to nonprofit agencies that may be able to help with advice on tenants' rights and assistance with moving costs if needed.
Once such agency that assists tenants is Cleveland Tenants Organization, at (216) 432-0617. With financial support from Cuyahoga County, mailings are sent to tenants when the home they rent first goes into foreclosure. This advance warning allows tenants time to plan for an orderly move, instead of having to move on short notice when the foreclosure process is complete. Cleveland Tenants Organization and other community based nonprofit agencies are advocating for legal reforms to allow tenants to stay in their homes, as long as they pay rent, even after the foreclosure sale is complete.