Neighborhood Stabilization Program

Fund Allocations

Under the Federal Housing and Economic Recovery Act of 2008, the City of Fontana will receive $5,953,309 in Community Development Block Grant (CDBG) funds to establish a Neighborhood Stabilization Program (NSP). U.S Department of Housing and Urban Development (HUD) determined the City’s NSP allocation based on:

• Fontana’s percentage of home foreclosures
• Percentage of homes financed by subprime loans
• Likelihood of a significant rise in the rate of home foreclosures

How Funds Are Used

The City may use NSP funds for the acquisition, rehabilitation, and/or redevelopment of abandoned or foreclosed residential properties and the subsequent sale or rental of such properties to households with incomes up to 120% of the area median income. At least 25% of NSP funds must help households with incomes below 50% of the area median income.

NSP Properties for Sale

Applications are not currently available for the program nor a waiting list.

Please contact Valerie Gonzales at (909) 350-6625 for further information.

Additional Resources

• 2008-09 Annual Action Plan Amendment (PDF)
• City of Fontana’s NSP2 Application Number 642144555 (PDF)
• Community Needs Assessment Survey
• Notice of 10-Day Public Review Period (PDF)
• Notice of 15-Day Public Review Period (PDF)

Please note: Some of the above documents are large and may take a moment to open.