Rick Ballard on NSP2

CEDAM’s first video blog! Look forward to more CEDAM video blogs in the future, and remember to visit/subscribe to the CEDAM YouTube page for quick access to the videos.

This video blog features Rick Ballard, Director of Community Development for MSHDA, discussing the NSP2 allocation and what it means for Michigan.

On January 14, 2010, HUD awarded $223.8 million in Neighborhood Stabilization Program II (NSP II) funds to a consortium of twelve Michigan cities and eight land banks. As the lead agency for the consortium, the Michigan State Housing Development Authority (MSHDA) is charged with revitalizing urban communities throughout the state using NSP II funds.  The funds will be used to target specific neighborhoods in Detroit, Highland Park, Hamtramck, Wyandotte, Flint, Saginaw, Pontiac, Lansing, Battle Creek, Kalamazoo, Grand Rapids, and Benton Harbor and address abandoned properties, redevelop foreclosed properties for re-occupancy, remove blighted structures, and re-assemble properties for future development through local land banks. NSP II will help these communities achieve a better balance between supply and demand in the real estate market and create a more attractive environment for growth, investment, and diversity.

For more information on NSP II, please contact MSHDA’s Office of Community Development 517-373-8370.

On a related note, there are new regulations on renovation, construction, repair, and demolition where lead-based paint exists that will go into effect on April 22nd. The regulations apply even to very small projects. Please view ASTI Environmental’s brief document about the regulations here.