File: 
Foreclosure Taskforce NSP Support Letter 3 2 11.pdf

Summary

  • National Foreclosure Prevention and Neighborhood Stabilization Task Force

    March 1, 2011
    The Honorable Judy Biggert
    Subcommittee on Insurance, Housing
    and Community Opportunity
    U.S. House of Representatives
    Washington, DC 20515

    The Honorable Luis Gutierrez
    Subcommittee on Insurance, Housing
    and Community Opportunity
    U.S. House of Representatives
    Washington, DC 20515

    Dear Chairperson Biggert and Ranking Member Gutierrez:
    We, the members of the National Foreclosure Prevention and Neighborhood Stabilization Task Force, are writing to express our support for the Neighborhood Stabilization Program (NSP) and to oppose the Committee’s plans to introduce a bill to terminate the program.

    Convened in November 2007, the National Foreclosure Prevention and Neighborhood Stabilization Task Force is a cross-industry group of local and national organizations working to address the impacts of the foreclosure crisis on communities. Our mission is to bring together advocates, practitioners, and other experts from across the country around foreclosure prevention and neighborhood stabilization efforts to exchange critical information and to help craft policy, legislative, and programmatic initiatives that primarily support low and moderate-income individuals and families.

    All three rounds of NSP are critical because they provide emergency assistance to states, local governments, and nonprofits to acquire and redevelop foreclosed, vacant, and abandoned properties that have become blights on the community and are driving down neighboring property values. The first two rounds of the NSP program will impact an estimated 80,000 foreclosed, abandoned, or vacant properties, and we estimate that NSP3 will impact tens of thousands more. Terminating the program in the middle of the foreclosure crisis would further harm neighborhoods and would slow the recovery of the housing market.

    Therefore, we strongly urge you to permit the Neighborhood Stabilization Program to continue helping America’s neighborhoods.

    Sincerely,
    The undersigned organizations and localities of the National Foreclosure Prevention and Neighborhood Stabilization Task Force:
    Association for Neighborhood and Housing Development
    Atlanta Neighborhood Development Partnership, Inc.
    Center for Community Progress
    Center for New York City Neighborhoods
    Citizens' Housing and Planning Association
    City of Chicago, Department of Housing and Economic Development
    City of Newark
    Cypress Hills Local Development Corporation
    Diamond State Community Land Trust
    Enterprise Community Partners
    Habitat for Humanity International
    Healthy Neighborhoods, Inc.
    Local Initiatives Support Corporation
    Louisiana Housing Alliance
    Massachusetts Housing Partnership
    Mercy Housing
    National Association of Housing and Redevelopment Officials
    National Community Land Trust Network
    National Community Reinvestment Coalition
    National Community Stabilization Trust
    National Council of State Housing Agencies
    National Housing Conference
    National Law Center on Homelessness & Poverty
    Neighborhood Housing Services of South Florida
    New York Mortgage Coalition
    Northfield Community LDC of Staten Island, Inc.
    Omni New York, LLC.
    PolicyLink
    Rebuilding Together
    Restoring Urban Neighborhoods, LLC.
    RISE, America!
    Stewards for Affordable Housing for the Future
    The Community Builders, Inc.
    The Housing Partnership Network
    The Wisconsin Partnership for Housing Development, Inc.
    Urban Housing Solutions, Inc.