Neighborhood Stabilization Program
June 14, 2012
The Neighborhood Stabilization Program (NSP) is a federal program providing funding to states and cities to help rehabilitate neighborhoods hit by the housing crisis. Chicanos Por La Causa was the lead applicant for a national consortium for non-profit affordable housing developers, and was awarded 137 million for the second round of NSP funding to revitalize neighborhoods in eight states and the District of Columbia. David Adame, Chief Financial Officer for Chicanos Por La Causa, talks about the how the program works.