Neighborhood Stabilization Public Info. Session

The City of Atlanta’s Department of Planning and Community Develop has the responsibility for administrative oversight, management and implementation of the city’s Neighborhood Stabilization Program (NSP).  It is designed to help revitalize neighborhoods and address the national foreclosure crisis.  NSP grants allow municipalities to purchase abandoned, bank-owned foreclosures to help stabilize communities hit hardest by the crisis.   In March 2009, the Department’s Office of Housing received an agreement letter from the U.S. Department of Housing and Urban Development (HUD) allocated $4.9 million to the City of Atlanta in September 2010 to help further address abandoned and bank-owned foreclosed properties. 

 A free, public information session is being hosted this week by the Office of Housing and is open to the community.  Please plan to attend and learn the basics about NSP and the city’s plans moving forward.