Neighborhood Stabilization Program [38 Pa.B. 6062]
[Saturday, November 1, 2008]The Department of Community and Economic Development (Department) is proposing an amendment to the Commonwealth's Action Plan for Federal Fiscal Year (FFY) 2008 and the Program Year that began on January 1, 2008. The 2008 Action Plan is an update of the Commonwealth's Consolidated Plan for FFY 2004-2008. This amendment contains the Action Plan for the distribution and use of Neighborhood Stabilization Program (NSP) funds.
The United States Department of Housing and Urban Development (HUD) awarded the Commonwealth an allocation of $59,631,318 in NSP funds, as authorized by the Housing and Economic Recovery Act of 2008 (HERA).
The purpose of NSP is to address the effects of abandoned and foreclosed properties, and includes the following potential uses:
* Financing mechanisms for purchase and redevelopment of foreclosed residential properties.
* Purchase and rehabilitation of residential properties that have been abandoned or foreclosed upon.
* Establishment of land banks for homes that have been foreclosed upon.
* Demolition of blighted structures.
* Redevelopment of demolished or vacant properties.
The complete Action Plan and supporting documentation is available for a 15-day public comment period and can be obtained on the Department's web site under the ''Publications'' section at: www.newpa.com/strengthen-your-community/technical-assistance/index.aspx. The final version of this Action Plan will be submitted to HUD by December 1, 2008.
Potential grantees will follow the instructions in this Action Plan in preparing applications, and the application kit will also be available at the same web site once it is completed.
Persons who would like to comment on this amendment may send those comments to Karen Smith, Department of Community and Economic Development, Center for Community Development, 400 North Street, 4th Floor, Harrisburg, PA 17120. Comments must be received before 5 p.m. on November 17, 2008.
DENNIS YABLONSKY,
Secretary[Pa.B. Doc. No. 08-1977. Filed for public inspection October 31, 2008, 9:00 a.m.]
