The Neighborhood Stabilization Program (NSP1) was created by the Housing and Economic Recovery Act of 2008 (HERA) as emergency assistance to arrest the harmful effects of foreclosures on neighborhoods.  Lakeland was awarded $2,005,781 in NSP1 funds to acquire, rehabilitate, and resell foreclosed and abandoned properties.

In late 2010 the City received an additional $1,303,139 in Neighborhood Stabilization Program 3 (NSP3) funding authorized as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  NSP3 is very similar to NSP1, allowing the City to acquire additional foreclosed properties within identified target areas (Areas of Greatest Need).

Interested in purchasing a home through the City's NSP Program?  View NSP Homebuyer Guide.

Prices Reduced on NSP Homes for Sale

Now, you've reviewed the guide and think you qualify?  View NSP properties available for purchase.

Neighborhood Stabilization Plan (NSP3)

Neighborhood Stabilization Plan (NSP1)

NSP1 Quarterly Performance Report (QPR) December 31, 2011

NSP3 Quarterly Performance Report (QPR) December 31, 2011

NSP1 Quarterly Performance Report (QPR) September 30, 2011

NSP3 Quarterly Performance Report (QPR) September 30, 2011

NSP1 Quarterly Performance Report (QPR) June 30, 2011

NSP3 Quarterly Performance Report (QPR) June 30, 2011

NSP1 Quarterly Performance Report (QPR) March 31, 2011

NSP1 Quarterly Performance Report (QPR) December 31, 2010

NSP1 Quarterly Performance Report (QPR) September 30, 2010

NSP1 Quarterly Performance Report (QPR) June 30, 2010

NSP1 Quarterly Performance Report (QPR) March 31, 2010

NSP1 Quarterly Performance Report (QPR) December 31, 2009

NSP1 Quarterly Performance Report (QPR) September 30, 2009

NSP1 Quarterly Performance Report (QPR) June 30, 2009