March 29, 2010 – (RealEstateRama) — U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan recently announced that HUD is awarding $10 million in Recovery Act funding to the Delaware State Housing Authority (DSHA) under the second round of HUD’s Neighborhood Stabilization Program (NSP). The NSP grants are part of $2 billion awarded nationwide to local communities and nonprofit housing developers to combat the effects of vacant and abandoned homes while creating jobs. Funded through the American Recovery and Reinvestment Act of 2009, this round of NSP grants is being awarded competitively to applicants who developed the most innovative ideas to address the impact the housing crisis has had on local communities, while demonstrating that they have the capacity to be responsible stewards of taxpayer dollars
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