Recovery Act Programs

Neighborhood Stabilization Program (NSP)

The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment.  Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties, the goal of the program is being realized.

NSP1, references the NSP funds authorized under Division B, Title III of the Housing and Economic Recovery Act (HERA) of 2008. This Grant provided over $8 million in grants to the City of Modesto.

Download
NSP1 Property Developers View
NSP1 Narrative View
NSP1 Substantial Amendment View
Performance Report - 12/31/09 View
Performance Report - 3/31/10 View
Performance Report - 6/30/10 View
Performance Report - 9/30/10 View
Performance Report- 12/31/10 View
Performance Report- 3/31/11 View
Performance Report- 6/30/11 View
Performance Report- 9/30/11 View
Performance Report- 12/31/11 View

NSP2, references the NSP funds authorized under the American Recovery and Reinvestment Act (the Recovery Act) of 2009 and provides grants to states, local governments, non-profits and a consortium of non-profit entities on a competitive basis.  The City of Modesto received $25 million of NSP2 funds.

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NSP2 Property Developers View
NSP2 Narrative View
NSP2 Census Tracts View
Homeownership Information View
Performance Report - 6/30/10 View
Performance Report - 9/30/10 View
Performance Report- 12/31/10 View
Performance Report- 3/31/11 View
Performance Report- 6/30/11 View
Performance Report- 9/30/11 View
Performance Report-12/31/11 View

NSP3, references the NSP funding authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Funds target emergency assistance to state and local governments to acquire redevelop or demolish foreclosed properties. The City of Modesto has recently been allocated $2,951,549 in NSP 3 funds.

Download
NSP3 Substantial Amendment View-Updated February 11, 2011
NSP3 Planning Data View
Performance Report- 9/30/11 View
Performance Report- 12/31/11 View

For more information, call (209) 577-5245 or e-mail housing@modestogov.com.

 

Community Development Block Grant - Recovery (CDBG-R)

The Community Development Block Grant (CDBG) program enables local governments to undertake a wide range of activities intended to create suitable living environments, provide decent affordable housing and create economic opportunities, primarily for persons of low and moderate income.  Under the Recovery Act, recipients give priority to projects that can award contracts based on bids within 120 days of the grant agreement. 

Download
CDBG-R Activity Data Spreadsheet View
CDBG-R Substantial Amendment View

For more information, call (209) 577-5245 or e-mail housing@modestogov.com.

 

Homelessness Prevention and Rapid Re-Housing Program (HPRP)

The Homelessness Prevention and Rapid Re-Housing Program (HPRP) provides financial assistance and services to prevent individuals and families from becoming homeless and help those who are experiencing homelessness to be quickly re-housed and stabilized.  The funds under this program are intended to target individuals and families who would be homeless without this assistance.  The funds will provide for a variety of assistance, including: short-term or medium-term rental assistance and housing relocation and stabilization services, including such activities as mediation, credit counseling security or utility deposits, utility payments, moving cost assistance and case management.  

Download
HPRP Substantial Amendment View

For more information, call (209) 577-5245 or e-mail housing@modestogov.com.

 

Making Home Affordable Program (MHA)

The Making Home Affordable Program is part of the Obama Administration's strategy to get the economy and the housing market back on track. 

The key components of the Making Home Affordable Program are:

  • Refinancing for borrowers previously unable to take advantage of lower interest rates or a more stable mortgage product because of falling home values. 
  • $75 billion in incentives to provide loan modifications and other foreclosure alternatives, bringing monthly payments to levels which borrowers can afford today and in the future. 

For more information, visit www.MakingHomeAffordable.gov, call (209) 577-5245 or e-mail housing@modestogov.com.  

 

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