Neighborhood Stabilization Programs 1 & 2
Overview and landing page for our NSP programs
Self-Help is a participant in both Neighborhood Stabilization Programs- here you can find information about our participation and our projects.
Neighborhood Stabilization Program 1 (North Carolina)
Learn more about our loan product or read our project description.
Neighborhood Stabilization Program 2
To help provide a measure of stability to distressed areas across the country, Self-Help will leverage $11.76 million in NSP2 funds with our own capital to provide acquisition, rehab, construction, and permanent financing for at least 300 units of NSP-eligible housing. Self-Help will make this financing available in the following designated markets:
- New Haven, CT
- Atlanta, GA
- Chicago, IL
- Los Angeles, CA,
- targeted communities in California’s Northern Central Valley
- targeted communities in California’s Bay Area.
In order to assist these communities and to meet our program goals, Self-Help is actively seeking out housing developers in these markets in need of project financing for multi-family residential properties. As illustrated in the multi-family product sheet, we offer flexible terms to qualified borrowers and projects, structuring loans around the unique needs of the project. Additional financing for single-family redevelopment projects is also available; however, Self-Help is targeting all of its construction and permanent loan products at affordable housing developers and is not currently in a position to provide financial support to individuals seeking to purchase a foreclosed property.
Please e-mail us if you have any comments or questions about our NSP program.
View our approved amendment, updating eligible census tracts, or our recently proposed amendment.
For more information on our NSP2 program, you can review our application, or view our quarterly progress reports.
