Neighborhood Stabilization Program

[41 Pa.B. 421]
[Saturday, January 15, 2011]

 The Housing Finance Agency (Agency) intends to apply for funding under the United States Department of Housing and Urban Development's (HUD) Neighborhood Stabilization Program 3 (NSP3) to address the affects of abandoned and foreclosed properties throughout this Commonwealth. A copy of the guidelines and application can be found at www.phfa.org.

 The Agency is seeking up to $5 million in NSP3 funding. Funds received through NSP3 will be targeted to assisting income qualified homeowners in qualified census tracts with a HUD Risk Score of 11 or higher, as described in the HUD Notice of Fund Availability Neighborhood Stabilization Program 3 under the Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). Comments on this plan may be forwarded to Bob Bobincheck before January 31, 2011, at bbobincheck@ phfa.org.

BRIAN A. HUDSON, Sr., 
Executive Director