Neighborhood Stabilization Program (NSP) 1
Please call us at (915) 541-4820 for more information on how you can be a new homeowner.
The Neighborhood Stabilization Program (NSP) is funded by a provision under the Housing and Economic Recovery Act of 2008 (HERA). It was created to address the negative impact of the nation’s economic decline and housing market collapse. It is intended to stabilize and revitalize the hardest hit communities/areas. The City of El Paso received $3,032,465.00 from the Department of Housing and Urban Development (HUD) and $1,731,066.00 from the Texas Department of Housing and Community Affairs (TDHCA) in NSP round 1 (NSP 1) funding. The City of El Paso will participate in the following four eligible NSP activities:
Use A – Financing Mechanisms
Use B – Purchase and Rehabilitation of Abandoned or Foreclosed Homes
Use D – Demolition of blighted structures
Use E – Redevelopment of Demolished or Vacant Properties