HUD –Neighborhood Stabilization Program

The Neighborhood Stabilization Program (NSP) was established under HUD (U.S. Department of Housing and Urban Development) for the purpose of stabilizing communities that have suffered from foreclosures and abandonment.

Environs Residential NSP is a part of NSP 1, a Housing and Economic Recovery Act (HERA) program. The Act was signed into law in 2008 to address the severe housing crisis. Title II of the Act appropriates $3.92 billion of grant funds under the Neighborhood Stabilization Program. These funds allow states and local governments to purchase and redevelop abandoned or foreclosed properties in areas with the greatest need based on the extent of foreclosures, subprime mortgages, and mortgage delinquencies and defaults.

NSP Atlanta is a website developed to inform Atlanta residents and potential home buyers about the Environs Residential Design & Construction NSP projects, as well as provide a general overview of the Neighborhood Stabilization Program in the Atlanta area.

The Environs initial allocation from the City of Atlanta Neighborhood Stabilization Program funds is to be used to rehab five homes in parts of the Edgewood, Reynoldstown and Kirkwood neighborhoods. (See map of the area.) In order to achieve this goal, we gathered a group of business associates, the Environs Residential NSP Team, with whom we have a proven track record to ensure successful and effective use of the NSP dollars received.

In order to clearly communicate our efforts and streamline the flow of information to potential home buyers, the NSP Atlanta website was launched. The site offers information about the Environs Residential NSP Team, how we can help you navigate your way to an NSP home, and:

We hope you find the NSP Atlanta website helpful as you look towards your goal of home ownership.

To find out if you qualify for NSP properties, just ask yourself these two questions:

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If you do not currently own real estate and if your income falls within the guidelines above, then you may qualify for the Neighborhood Stabilization Program. Contact Environs Residential NSP now for more information.


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