U.S. Department of Housing and Urban Development Neighborhood Stabilization Program 1

Neighborhood Stabilization ProgramNeighborhood Stabilization Program

NSP ISSUES AND OUTCOMES

Arizona Housing Alliance March 22, 2012

U.S. Department of Housing and Urban Development

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NSP Issues and Outcomes

OVERVIEW

CAPACITYSTRATEGYPOLICYIMPLEMENTATIONLASTING OUTCOMES

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NSP Issues and Outcomes 1. Capacity Issues: Experience, Management skills,

Organizational breadth, Personnel (at both federal and local levels)

Overall Goal: Build capacity for

the long term

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NSP Issues and Outcomes

CapacityOutcomes:

Direct Assistance Training & ClinicsWebsite & WebinarsToolkits & Policy Resources

Legacy in the best sense

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NSP Issues and Outcomes

2. Strategy

Issues: Assumptions, Market knowledge, Relationships, Scale of NSP to problem

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NSP Issues and Outcomes

Strategy Outcomes:

Agility, Adaptation, Interaction, Learning

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NSP Issues and Outcomes 3. Policy

Issues: Conform to the past or create the future?

Correcting market failure from inside. Scale of NSP to foreclosure problem.

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NSP Issues and Outcomes

Policy

Outcomes: Targeting, Leveraging, Collaboration, Sensitivity to local conditions

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NSP Issues and Outcomes

4. Implementation

Issues: Experienced partners, Private sector links, Appraisals/Financing, Deadlines

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NSP Issues and Outcomes

Implementation

Outcomes: Problem-solving mentality, New policies, Alternative financing, Innovation

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NSP Outcomes

5. Long Term Outcomes

Capacity building:

strategic targeting, collaboration, underwriting, construction/rehabilitation

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NSP OutcomesLong Term Outcomes

Efficacy of targeting (TRF)

Sustainable financingHealthy collaborations

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NSP Outcomes

Long Term OutcomesQuestioning assumptions:

When will rationality return?Is this the end of NSP?Is homeownership sacred?Can we go beyond housing?