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This report outlines the performance and progress of the Neighborhood Stabilization Program (NSP) in Clark County, NV, covering various housing activities aimed at addressing foreclosure issues. It details the obligations, funds allocation, targeted areas for redevelopment, community needs, and housing assistance programs to support low- and moderate-income households. The report also reviews the outcomes of the initiatives undertaken under the NSP framework during the specified reporting...
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The Neighborhood Stabilization Program grant is a federal initiative designed to provide funding to help stabilize neighborhoods that have been affected by foreclosures and abandonment, by supporting the purchase and redevelopment of distressed properties.
Typically, state and local governments, as well as nonprofit organizations, are required to file for the Neighborhood Stabilization Program grant to access funding for their stabilization projects.
To fill out the Neighborhood Stabilization Program grant application, applicants must provide detailed project information, including the scope of work, budget, and any potential impact on the community. It's important to follow the specific guidelines outlined by the funding agency.
The purpose of the Neighborhood Stabilization Program grant is to mitigate the negative effects of foreclosures, promote the rehabilitation of abandoned properties, and support the revival of distressed neighborhoods.
Information that must be reported includes project expenditure reports, progress updates, demographic data of beneficiaries, and an evaluation of the program's impact on the neighborhood.
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