• HFHVA/HFHI Affiliate Training 2012
• Campaign for a Virginia Housing Trust Fund
• Habitat and the Neighborhood Stabilization Program
• VLTA volunteers for the 3rd year in 2009 (PHOTOS)

Habitat and the Neighborhood Stabilization Program

September 2010 - Habitat Virginia and affiliates across the state have partnered with the Virginia Department of Housing and Community Development to carry out the Neighborhood Stabilization Program (NSP). Affiliates across the Commonwealth have been buying foreclosed properties with NSP funds. NSP is a federal program that provides funding to local governments and non-profits in order to purchase and rehabilitate foreclosed properties. These foreclosed properties could otherwise be sitting vacant or turned into rentals, both of which can negatively impact healthy neighborhoods.

Affiliates around the state have purchased 26 homes with Habitat Virginia’s NSP award of $3.8 million; these homes are located in Prince William, Fairfax, Loudoun, Fauquier, Louisa, and Petersburg. Affiliates in Winchester, South Hampton Roads, Fredericksburg, Richmond and Lynchburg are working with their local governments to purchase NSP homes. When the rehabs are complete the homes will be sold to low-income families. As the homes are sold, Habitat will use the recaptured funding to purchase and rehab more foreclosed homes.