Notice of Allocations, Application Procedures, Regulatory Waivers Granted to and Alternative Requirements for Emergency Assistance for Redevelopment of Abandoned and Foreclosed Homes Grantees Under the Housing and Economic Recovery Act, 2008 AGENCY: Office of the Secretary, HUD (October 6, 2008)

This super long title refers to the regulations governing the Neighborhood Stabilization Program (NSP) component of the Housing and Economic Recovery Act of 2008 (HERA), through which HUD will disburse a total of $3.9 billion in emergency assistance funds to state and local governments to acquire and redevelop foreclosed properties that are or at risk of becoming blighted areas. NSP is considered a CDBG program and thus governed by CDGB regs, unless otherwise indicated in HERA. The link at the end of this post takes you to the HUD webpage that provides links to the regs at 73 FR 58330 and handy links listing state and local allocations. Note that states and localities must submit NSP plans to HUD by December 1, 2008. [Download.]