FAQ Results

acquisition (40)

obligation (39)

program income (30)

demolition (27)

DRGR (26)

rehabilitation (25)

Uniform Relocation Act (22)

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NSP-1 Grantees (358)

NSP-2 Grantees (233)

Nonprofits (60)

Developers (52)

Public (9)

NSP Eligible Uses and Activities (80)

NSP Eligible Costs (47)

Other NSP Rules (31)

Acquisition/Disposition of REO Properties (29)

Demolition (28)

Program Income (28)

DRGR (25)

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 How is un-liquidated obligation determined in DRGR? 

Are there conflict of interest rules regarding real estate brokers representing a family using NSP funds?

Would a property be considered abandoned if the property was inspected and cited as unsafe in a notice to the owner from the city and the owners have not taken any corrective actions in 90 days even if the city has not officially condemned the property?

Can Habitat for Humanity and other non-profit mortgage providers use NSP funds to rehabilitate their own foreclosures?

Would a property be considered abandoned if the locality issued a demolition order on the property because it was not habitable and the owner did not take any corrective actions within the 90 day time period provided by the locality to respond?

Does the 18 month obligation period end at the end of the 18th month or exactly 18 months from the execution date?

If a grantee adopts HOME standards to set its affordable rents, how is the rent calculated for multifamily rental housing built entirely for households at or below 50 percent AMI?

When are amendments to action plans required?

 Are developers subject to compliance with local or Federal prevailing wage rate requirements?

Does program income have a 25% set-aside Requirement? 

To which of the NSP eligible uses do the new definitions of “abandoned” and “foreclosed” apply?

Are there any circumstances under which CDBG and HOME regulations would supersede the NSP regulations in regard to the eligible uses of NSP generated program income?

Does the NSP 10% administrative cap apply to NSP generated program income? 

Why does HUD recommend the installation of high-efficiency appliances? 

Under Eligible Use E, can NSP funds be used to provide a permanent second mortgage to help subsidize the rents on an eight unit apartment building which was rehabilitated with non-NSP, non-federal funding sources? The residents will meet NSP income restrictions. 

What guidelines must grantees or subrecipients follow to choose a realtor to help sell NSP properties? 

When is demolition an eligible activity?

Is a foreclosure by a homeowner association where there are no mortgages or security deeds against the property equivalent to a traditional lender foreclosure and as such included in the definition of "foreclosed" property?

What criteria should a sub-recipient use in choosing a buyer for a home when multiple qualified buyers have made offers?

How are units counted for the 100 unit requirement in NSP2? For instance, a duplex could become a single-family home after rehabilitation and a single-family home could be divided into multiple units after rehabilitation. If a property was demolished and a new structure built, does this change... More