Pierre, SD – January 14, 2009 – (RealEstateRama) — Governor Mike Rounds recently announced that Housing and Urban Development (HUD) has approved South Dakota’s action plan to implement the Neighborhood Stabilization Program (NSP) for South Dakota.
The $19.6 million NSP funding that South Dakota will receive is part of the Housing and Economic Recovery Act of 2008 (HERA) which included $3.92 billion to provide emergency assistance to eligible entities to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. South Dakota Housing Development Authority (SDHDA) will administer these funds for South Dakota.
