Skip to Content

NSP Loans

Self-Help and the Neighborhood Stabilization Program (NSP)

In 2010, the Center for Community Self-Help was awarded $11.76 million in Neighborhood Stabilization Program 2 funds to help provide stability to distressed areas across the country. Since then, Self-Help has combined these funds with our own capital to provide acquisition, rehab, construction and permanent financing for more than 300 units of NSP-eligible housing.

As per our application, the deployment of this financing has been focused on the following designated markets: New Haven, CT; Atlanta, GA; Chicago, IL; Los Angeles, CA; targeted communities in California's Northern Central Valley; and targeted communities in California's Bay Area. We have also been able to add other needy communities to our targeted geography by amendment. These additional geographies include areas in Pittsburgh, PA; Aurora and Evanston, IL; and Durham, NC.

Benefits of Self-Help NSP Loans

  • Flexible terms for qualified borrowers and projects
  • Ability to structure loans around the unique needs of the project
  • Expertise with NSP requirements and process

Self-Help is seeking housing developers in our target markets who need project financing for multifamily residential properties. We are also sourcing deals in new geographies where we can identify projects that are financially viable, NSP-eligible, and can deliver positive impacts in distressed communities.

Financing for single-family redevelopment projects is also available. However, we are targeting all our construction and permanent loan products at affordable housing developers and cannot offer financial support through NSP to individuals seeking to purchase a foreclosed property. Contact our home lending team if you are interested in an individual mortgage.

Please email us at to inquire about NSP financing, or if you have any questions about our NSP program.

apartment buildings
Self-Help uses NSP dollars alongside our own capital to provide financing for affordable multifamily housing developers in communities across the country. If you'd like more information on our NSP program, get in touch at

Program update: August 25, 2020

Self-Help is currently seeking to expand our approved geographies to add census tract 17031310800, located in the Greater Chicago area, by means of an amendment to the U.S. Department of Housing and Urban Development (HUD). The proposed development involves the construction and permanent financing of a 6-7 story building that will house an anticipated 98 affordable units. The project is located at 2136 S. Ashland St. and will be undertaken by The Resurrection Project.

If you have any questions or concerns about the impacts of this project, please feel free to contact us at