HUD has released an NSP Policy Alert that clarifies how land banks may dispose of properties acquired or improved with Neighborhood Stabilization Program (NSP) funds. It supplements the Disposition and Demolition Policy Alert of March 14, 2013 by expanding the discussion to land bank-specific issues. This policy refers to land banks broadly, since many NSP grantees perform land bank functions within a city or county government structure. These policies apply to all properties that have been acquired and/or improved with NSP funds and held for some period of time while awaiting disposition.

View the NSP Policy Alert: Guidance on Land Disposition for Land Banks.