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January 15, 2010 - (RealEstateRama) -- Mayor Thomas M. Menino today announced that the City’s Department of Neighborhood Development (DND) has been awarded $13.6 million in the second round of Neighborhood Stabilization Program (NSP) funding to assist the City’s ongoing foreclosure prevention and reclamation efforts. Specifically, the competitively awarded funding will allow the City to support responsible redevelopment of up to 275 foreclosed homes in those neighborhoods most burdened by Boston’s bank-owned properties, namely Dorchester, East Boston, Roxbury, Hyde Park, and Mattapan.

Mayor Says Neighborhood Stabilization Program Resources Designed to Expedite the Restoration of Valuable Housing Stock March 23, 2009 - (RealEstateRama) — Mayor Thomas M. Menino today announced the availability of more than $4 million in Neighborhood Stabilization Program (NSP) funds for the acquisition and rehabilitation of foreclosed and abandoned properties by non-profit and for profit developers, the latest milestone in Boston’s efforts to stabilize those neighborhoods that have been disproportionately affected by foreclosures.

Funding Will Enhance Foreclosure Intervention Team’s Neighborhood Stabilization Initiatives February 10, 2009 - (RealEstateRama) — Mayor Thomas M. Menino today announced that the City of Boston has been approved to receive $4.23 million from the U.S. Department of Housing and Urban Development (HUD) as part of the federal Neighborhood Stabilization Program (NSP),