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0 <br />0 <br />) k4 <br />b' <br />Neighborhood Stabilization Program 2 (NSP 2) <br />Award Amount: $10,000,000 <br />Awarded: January 2010 <br />• Competitive grant allocation from U.S. Dept of Housing & Urban <br />Development (HUD) <br />— 480 applicants <br />— 56 Grantees awarded Nationwide; 15 Local governments <br />• Primary Objective: stabilize the neighborhoods affected by <br />foreclosures <br />• Deadlines: <br />— 50% of grant Expended by February 2012 <br />— 100% of grant Expended by February 2013 <br />