Neighborhood Stabilization Program (NSP)
Under the Housing and Economic Recovery Act of 2008 signed into law by the President on July 30, 2008, the Neighborhood Stabilization Program was funded with $3.92 billion. These funds were allocated to communities across the country to help them address the home foreclosure problems prevalent in many areas. The City of Corona has been allocated $3,602,842 of these NSP funds in order to deal with the foreclosure problems in our community.
The NSP funds leveraged with the City's HOME, LOW Mod set aside funds, and private sources of money will allow the City to provide low- and moderate-income first time home buyers the opportunity to buy a home in Corona. These funds will also help reduce the number of vacant foreclosed homes and stabilize home values.
The City of Corona acquired, rehabiltated and sold 9 single family properties with the NSP funds.
NSP Action Plan Amendments
NSP Target Area Expansion
NSP 3 Substantial Amendment
City of Corona Substantial Amendment to the 2008 - 2009 and 2010 - 2011 Annual Action Plans - NSP Funds
NSP 1 Quarterly Performance Reports Reviewed & Approved by HUD
Quarter Ending June 30, 2009
Quarter Ending September 30, 2009
Quarter Ending December 31, 2009
Quarter Ending March 31, 2010
Quarter Ending June 30, 2010
Quarter Ending September 30, 2010
Quarter Ending December 31, 2010
Quarter Ending March 31, 2011
Quarter Ending June 30, 2011
Quarter Ending September 30, 2011
Quarter Ending December 30, 2011
NSP 3 Quarterly Performance Reports Reviewed & Approved by HUD
Quarter Ending June 30, 2011
Quarter Ending September 30, 2011
Quarter Ending December 30, 2011
NSP 3 RFP (Closed for submission)
E-Mail the Redevelopment Department