NSP Grants Allow Higher Income Eligibility Limits

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   Provided below are HUD household income eligibility limits for grants already received and applied for:

Community Development Block Grant (CDBG) Program - $685,000 (FY 2009)
Community Development Block Grant (CDBG) Program - $180,000 (Supplemental Stimulus Funds)
Home Investment Partnerships (HOME) Program - $400,000+ (FY 2009)
HUD Neighborhood Stabilization Program - Round One (NSP-1) - $2,144,000

HUD Neighborhood Stabilization Program - Round Two (NSP-2) - $19,000,000+ (Approval Pending)

As you can see, income limits are now substantially greater than current CDBG and HOME Programs limits.

For example:

Household Size    CDBG/HOME Income Limits    NSP-1 & NSP-2 Income Limits
                                    (80% of Area Median Income)  (120% of Area Median Income)

One Person                         $38,750                              $  58,145
Two Persons                       $44,300                              $  66,450
Three Persons                    $49,800                               $  74,700
Four Persons                      $55,350                               $  83,025 
Five Persons                       $59,800                               $  89,700
Six Persons                         $64,200                               $  96,300
Seven Persons                    $68,650                               $102,975
Eight Persons                      $73,050                               $109,575

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Nelson R. Self Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Citizen Joined: Oct 03 2009 Status: Offline Points: 279	Post Options Post Reply Quote Nelson R. Self Report Post Thanks(0) Quote Reply Topic: NSP Grants Allow Higher Income Eligibility Limits Posted: Oct 08 2009 at 4:17am
	Provided below are HUD household income eligibility limits for grants already received and applied for: Community Development Block Grant (CDBG) Program - $685,000 (FY 2009) Community Development Block Grant (CDBG) Program - $180,000 (Supplemental Stimulus Funds) Home Investment Partnerships (HOME) Program - $400,000+ (FY 2009) HUD Neighborhood Stabilization Program - Round One (NSP-1) - $2,144,000 HUD Neighborhood Stabilization Program - Round Two (NSP-2) - $19,000,000+ (Approval Pending) As you can see, income limits are now substantially greater than current CDBG and HOME Programs limits. For example: Household Size CDBG/HOME Income Limits NSP-1 & NSP-2 Income Limits (80% of Area Median Income) (120% of Area Median Income) One Person $38,750 $ 58,145 Two Persons $44,300 $ 66,450 Three Persons $49,800 $ 74,700 Four Persons $55,350 $ 83,025 Five Persons $59,800 $ 89,700 Six Persons $64,200 $ 96,300 Seven Persons $68,650 $102,975 Eight Persons $73,050 $109,575

Mike_Presta Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Council Joined: Apr 20 2008 Location: United States Status: Offline Points: 3483	Post Options Post Reply Quote Mike_Presta Report Post Thanks(0) Quote Reply Posted: Oct 08 2009 at 6:44am
	Hmm...invite a few people over for the weekend and a few of the same folks will be eligible for more again! Looks like beautification ... oops, I mean neighborhood stabilization... will be BOOMING in the South Main Street Historic District...oops, I mean poverty-sticken Second Ward...again next year!!! By the way, does anyone know how many people live in the Sorg Mansion???
	“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012

wasteful Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Citizen Joined: Jul 27 2009 Status: Offline Points: 793	Post Options Post Reply Quote wasteful Report Post Thanks(0) Quote Reply Posted: Oct 08 2009 at 7:09am
	So according to this someone with a $200-300K house can qualify for these funds. Hmmmmm I need a new roof and...............................