Thursday, February 4, 2010

New NSP Action Plan amendment

For Immediate Release
February 4, 2010

Alison O’Kelly

The Substantial Amendment to the Neighborhood Stabilization Program (NSP) Action Plan for the State of Colorado is currently available for public comment. It can be viewed at:

The Substantial Amendment will be open for comment February 4, 2010 through February 19, 2010. A Spanish language translation of current (February 2010) amendment changes is forthcoming. Comments can be directed via E-mail, telephone, or via mail to:

Alison O'Kelly
NSP Program Specialist
Colorado Department of Local Affairs, Division of Housing
1313 Sherman St., Room 518
Denver, CO 80203
Phone: 303-866-3409
Fax: 303-866-4077

Please note, several substantial amendments have been made, and all text/chart changes can be identified by color as follows:
Original NSP Action Plan: Black
June 2009 Substantial Amendment: Red
October 2009 Substantial Amendment: Violet
February 2010 Substantial Amendment: Green

DOLA, DOH has established the need for continued NSP efforts in the single family market in Colorado based on foreclosure reports, housing prices and sales numbers. To validate what the State is hearing regarding the need in the multi-family market, we ask our partners and localities to estimate the potential multi-family foreclosures for possible NSP assistance (multi-family and abandoned/vacant land) in your communities, and share this information with the Division of Housing. This information will be used to make necessary amendments to the NSP Action Plan regarding strategy and budgeting priorities.