NSP Program

During the past few years, communities have been impacted across the country with mortgage foreclosures and declining property values. In response, Congress passed the Housing and Economic Recovery Act (HERA) in July 2008. The law created a new  Neighborhood Stabilization Program (NSP). The purpose of the NSP is to provide targeted assistance to state and local governments to acquire and rehabilitate foreclosed upon residential properties that might otherwise become a source of blight within communities.

The City of Elyria has been awarded approximately $3,000,000 from the NSP 1 & NSP 3 programs to create the following programs.

 

Housing Rehabilitation: Homes For Sale

This Program is designed to assist in the redevelopment of abandoned and foreclosed  homes.  The City of Elyria has purchased thirteen homes for   rehabilitation using  NSP funds. The homes are completely renovated and include new energy-efficient  appliances.  The homes will be sold at a discounted rate and will include soft-second mortgages that will be forgiven at the end of the affordability period. Neighborhood Stabilization Program Application

 

Housing Demolition Program

This program involves demolition of vacant, condemned and/or foreclosed and  abandoned properties, and all demolition-related activities, including but not  limited to securing the property, asbestos surveys and asbestos abatement.  To date the City has demolished over 40 properties.

 

Elyria NSP Land Bank Side Lot Program

The  Elyria Side Lot Program takes undeveloped and unproductive properties and brings  them back into productive use by transferring the property to adjacent property  owners who will maintain and utilize the property. Side Lot Application

 

NSP Documents & Information

NSP Quarterly Report July 1 -September 30, 2015

NSP Quarterly Report October 1 – December 31, 2015

July 1 2014 thru September 30 2014 QPR

October 1 2014 thru December 30 2014 QPR

January 1 2015 thru March 30 2015 QPR

April 1 2015 thru June 30 2015 QPR

April 1 2014 thru June 30 2014 Performance Report

NSP January 1, 2014 – March 31, 2014 Performance Report

October 1- December 31, 2013 NSP Performance Report

July 1, 2013 – September 30, 2013 Performance Report

 April 1, 2013 – June 30, 2013 Performance Report

January 1 thru March 31, 2013 Performance Report

October 1 thru December 31, 2012 Performance Report

April 1 thru June 30, 2012 Performance Report

January 1 thru March 31, 2012 Performance Report

NSP Action Plan – Approved 8/15/12

NSP Amended Action Plan 8.28.14