HUD Secretary Shaun Donovan is expected to announce the NSP2 grantees, benefitting from nearly $2 billion of neighborhood stabilization program funds made available in the American Recovery and Reinvestment Act.
Donovan will hold a press conference today in Detroit to make “a major American Recovery and Reinvestment Act funding announcement.” The funding to be announced is designed to help neighborhoods hard-hit by vacancies and abandonment to recover from the effects of the housing crisis.
Donovan will be joined by Gov. Jennifer Granholm, Sen. Debbie Stabenow, Congresswoman Carolyn Cheeks Kilpatrick, executive to Detroit Mayor Dave Bing, Saul Green as well as community leaders and additional state and federal elected officials, according to a HUD news release.
For NSP2, there were 482 applicants, requesting over $15 billion, according to Sharon Price, policy director for the National Housing Conference. HUD is reportedly willing to hold briefings for those that did not receive a grant.