NSP1 Substantial Amendment

The NSP 1 Substantial Amendment to the Neighborhood Stabilization Program (NSP1) Action Plan was approved by HUD, after a 15 day public comment period, on February 22, 2010. The approved plan, with comments, is linked below.

Please note, several substantial amendments have been made, and all text/chart changes can be identified by color as follows:

Original NSP Action Plan: Black
June 2009 Substantial Amendment: Red
October 2009 Substantial Amendment: Violet
February 2010 Substantial Amendment: Green

The Division of Housing has established the need for continued NSP efforts in the single family market in Colorado based on foreclosure reports, housing prices and sales numbers. To validate what the State is hearing regarding the need in the multi-family market, we ask our partners and localities to estimate the potential multi-family foreclosures for possible NSP assistance (multi-family and abandoned/vacant land) in your communities, and share this information with the Division of Housing. This information will be used to make necessary amendments to the NSP Action Plan regarding strategy and budgeting priorities.

REVISED Substantial Amendment For NSP 1
As amended and approved by HUD February 22, 2010

LA ENMIENDA SUBSTANCIAL DEL PROGRAMA DE LA ESTABILIZACIÓN DE LA VECINDAD (NSP)

Revisión de Feb. 10, 2010 En Español

Appendix 1: Intergovernmental Agreement between the City of Colorado Springs andthe State of Colorado

Appendix 2: Methodology for Determining Funding Allocation

Appendix 3: Criteria and Data

Appendix 4: Definitions of Factors for Scoring

Appendix 5: Census Blocks with Risk Scores 7-10