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Make the Most of NSP Funds - Streamline Environmental Reviews

Thinking Forward
Categorized Under: Environment



In 2008, Congress appropriated funds for the Neighborhood Stabilization Program (NSP) to stabilize neighborhoods whose viability has been and continues to be damaged by the mortgage foreclosure crisis in the nation. The U.S. Housing and Urban Development (HUD) has federal oversight responsibility for NSP, nearly $6 billion awarded to them in two rounds of funding under this program (known as NSP1 and NSP2). Although some rules have changed since the first round of funding, the need remains to comply with National Environmental Policy Act (NEPA), state environmental impact assessments, and Federal laws and authorities. This paper presents an overview of the program, highlights of environmental compliance, and benefits of a three‐tiered review approach.

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Insight Details

Published: Jun 14, 2010
Author: Bonnie Chiu
Source: ICF International

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