IHCDA: Neighborhood Stabilization

Note: This message is displayed if (1) your browser is not standards-compliant or (2) you have you disabled CSS. Read our Policies for more information.

Governor Mitch Daniels

IHCDA > Community Development > Neighborhood Stabilization Neighborhood Stabilization

Neighborhood Stabilization Program Award Announcement

Lt. Governor Becky Skillman has announced 21 communities and community organizations will share $50 million to buy abandoned or foreclosed homes, demolish or redevelop vacant properties and help low- and moderate income homebuyers purchase property.

NSP Comprehensive Neighborhood Revitalization Fund Award Recipients

Please click here to view a listing of all award recipients

Please click here to view the individual summaries of each award recipient

NEW!!!!! The Indiana Housing and Community Development Authority (IHCDA) encourages citizens to comment on a proposed amendment to its Neighborhood Stabilization Program funded by Congress under the Housing and Economic Recovery Act of 2008 (HERA). The draft amendment will be submitted to the U.S Department of Housing and Urban Development (HUD) on or before November 6, 2009. The proposed changes set forth the method of redistributing funds for this program and are highlighted here.

Members of the public, especially persons of low to moderate income, are welcome to review the amendment during the hours of 8:00 a.m. to 5:00 p.m., Wednesday, October 21, 2009 through Friday, November 6, 2009, at IHCDA’s offices located at 30 South Meridian Street, Suite 1000 Indianapolis, Indiana 46204.

Written comments are invited through close of business November 6, 2009. Comments may be submitted electronically to nsp@ihcda.in.gov, by facsimile to 317.232.7778, or by postal service to the following address:

Neighborhood Stabilization Program
Indiana Housing and Community
Development Authority
30 South Meridian Street, Suite 1000
Indianapolis, Indiana 46204

NSP Quarterly Performance Report (Through June 30, 2009)

Neighborhood Stabilization Program Rules from the Federal Register (UPDATED)

As part of the Housing and Economic Recovery Act of 2008, HUD created the Neighborhood Stabilization Program to mitigate the neighborhood effects of foreclosures in areas of greatest need. HUD allocated more than $150 million to the Indiana grantees listed below.

Summary of Allocations	INDIANA
MUNCIE	$2,007,356
ANDERSON	$2,141,795
KOKOMO	$2,181,088
ELKHART	$2,251,346
HAMILTON COUNTY	$2,343,868
EVANSVILLE	$3,605,204
GARY	$3,836,758
HAMMOND	$3,860,473
SOUTH BEND	$4,098,521
LAKE COUNTY	$5,738,024
FORT WAYNE	$7,063,956
INDIANAPOLIS	$29,051,059
INDIANA STATE PROGRAM	$83,757,048
TOTAL	$151,936,496

On December 1, 2008, IHCDA finalized an amendment to it's Action Plan to include activities regarding the NSP. The changes that were proposed are included in the link below:

IHCDA Substantial Amendment to Action Plan (UPDATED 12/19/08)

Please note that IHCDA’s NSP Substantial Amendment is awaiting approval from the U.S. Department of Housing and Urban Development (HUD). IHCDA will update this site with any changes upon receiving HUD’s final determination. Interested parties should check back regularly to verify that a proposed project is located in an eligible area as referenced on the map below.

IHCDA Eligible Communities Map