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NSP3: Reviewing Your Jurisdiction’s Action Plan

This document summarizes key provisions of the Neighborhood Stabilization Program (NSP3) under the Dodd-Frank Wall Street Reform Act and discusses NSP3 topics that should be of particular interest to housing advocates who are reviewing their jurisdiction’s NSP3 action plan.

Jurisdictions must develop an action plan for using their NSP3 funds and make the plan available for public comment, providing advocates an opportunity to weigh in on NSP3 spending. Some of the issues this document addresses include low-income targeting, long-term affordability, fair housing considerations, and employment opportunities.

NSP3 Checklist

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