HUD Rings the Bell on Third Round of NSP Funding

The Department of Housing and Urban Development (HUD) will launch another round of funding through the Neighborhood Stabilization Program (NSP).

HUD has already awarded $6bn through the first two rounds of funding to help state and local governments combat rising foreclosures and falling home values. HUD rolled out the first $4bn round of NSP funding in September 2008. The $2bn of in the second round of NSP funding arrived in January 2010.

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