Notice of Neighborhood Stabilization Program Reallocation Process Changes

The Department of Housing and Urban Development issued a notice to describe the applicable corrective actions, recapture process, the reallocation formula and waivers of regulations granted to grantees under Title III of Division B of the Housing and Economic Recovery Act of 2008, for the purpose of assisting in the redevelopment of abandoned and foreclosed homes under the Emergency Assistance for Redevelopment of Abandoned and Foreclosed Homes heading