The Neighborhood Stabilization Program: Stable for Whom?

The Neighborhood Stabilization Program (NSP) was established after the 2008 housing crisis to provide federal funding to local governments and other housing providers for stabilizing communities hardest hit by foreclosure and abandonment. Using a neighborhood in Nashville, Tennessee, as a case examp...

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Bibliographic Details
Published in:Journal of urban affairs 2015-02, Vol.37 (1), p.38-41
Main Authors: Fraser, James C., Oakley, Deirdre
Format: Article
Language:English
Subjects:
Abandonments
Economic crisis
Economic stabilization
Federal aid to local governments
Foreclosure
Housing
Housing policy
Local government
Neighborhoods
Public housing
Stabilization
Urban policy
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Summary:The Neighborhood Stabilization Program (NSP) was established after the 2008 housing crisis to provide federal funding to local governments and other housing providers for stabilizing communities hardest hit by foreclosure and abandonment. Using a neighborhood in Nashville, Tennessee, as a case example, the purpose of this essay is to provide commentary on some of the pre-existing NSP-targeted neighborhood investments, challenges arising from the program itself, as well as the mixed agendas that have emerged.
ISSN:0735-2166
1467-9906
DOI:10.1111/juaf.12159