FIND A CAREER FIND A HOME HOME NSP2 Neighborhood Stabilization Program 2 (NSP2) The Neighborhood Stabilization Program 2 (NSP2) is a HUD program established to stabilize neighborhoods that have been damaged by foreclosure and abandonment. Authorized under the American Recovery and Reinvestment Act of 2009, the NSP2 program awarded competitive grants to states, local governments and non-profit entities. In January of 2010, TCB was awarded $78 million to revitalize distressed communities. TCB’s grant is one of the few NSP2 awards for non-profit entities, and it is the only exclusively multifamily NSP2 award. TCB’s innovative use of NSP2 funds in the early stages of development on “ready-to-go” multifamily buildings has allowed accelerated construction schedules and speeded revitalization in distressed neighborhoods. After this “quick start,” the majority of NSP2 funds are repaid when permanent financing is assembled, allowing NSP2 money to be reinvested in further revitalization of abandoned, foreclosed and vacant properties. Since the grant award, TCB has worked in eight states to deliver nearly one thousand units of affordable housing. Grant funds were fully expended in January, 2013 and since then, by leveraging permanent sources of financing, TCB has received over $51 million in Program Income which will be reinvested in additional NSP2 projects. In this way, TCB is on track to more than double its original estimate of NSP2-funded units as well as create hundreds of additional temporary and permanent jobs and boost revitalization in a range of neighborhoods across the TCB’s NSP2 footprint. TCB’s NSP2 Application and Grant Amendments TCB’s NSP2 Application TCB NSP2 Summary [40kb .pdf] TCB NSP2 Application [2mb .pdf] TCB NSP2 Grant Agreement [400kb .pdf] TCB NSP2 Grant Agreement Appendix A [70kb .pdf] TCB NSP2 Project Completion Schedule [60kb .pdf] Approved First NSP2 Substantial Amendment TCB NSP2 Substantial Amendment Approval Letter [100kb .pdf] TCB NSP2 Substantial Amendment [300kb .pdf] Approved Second NSP2 Substantial Amendment TCB Second NSP2 Substantial Amendment Approval Letter [100kb .pdf] TCB Second NSP2 Substantial Amendment Request [5mb .pdf] TCB Second NSP2 Substantial Amendment Attachments [6mb .pdf] Approved Third NSP2 Substantial Amendment TCB Third NSP2 Substantial Amendment Request [1mb .pdf] TCB Third NSP2 Substantial Amendment Approval Letter [129kb .pdf] Approved Fourth NSP2 Substantial Amendment TCB Fourth NSP2 Substantial Amendment Request [954kb .pdf] TCB Fourth NSP2 Substantial Amendment Approval Letter [129kb .pdf] Approved Waiver Request and Fifth NSP2 Substantial Amendment TCB Waiver Request and Fifth NSP2 Substantial Amendment Request [2,456 .pdf] TCB Fifth NSP2 Substantial Amendment Approval Letter [69kb .pdf] Approved Sixth NSP2 Substantial Amendment TCB Sixth NSP2 Substantial Amendment [69kb .pdf] TCB Sixth NSP2 Substantial Amendment Approval Letter [69kb .pdf] TCB Sixth NSP2 Substantial Amendment Approval Letter [80kb.pdf] Draft Seventh NSP2 Substantial Amendment TCB Seventh NSP2 Substantial Amendment [69kb .pdf] TCB Seventh NSP2 Substantial Amendment Approval Letter [47kb.pdf] Draft Eighth NSP2 Substantial Amendment TCB Eighth NSP2 Substantial Amendment [69kb .pdf] Draft Ninth NSP2 Substantial Amendment TCB Ninth NSP2 Substantial Amendment [69kb .pdf] TCB is required to submit Quarterly Performance Reports (QPR) are available below. TCB Q4 2019 NSP2 QPR [165kb .pdf] TCB Q3 2019 NSP2 QPR [165kb .pdf] TCB Q2 2019 NSP2 QPR [165kb .pdf] TCB Q1 2019 NSP2 QPR [165kb .pdf] TCB Q4 2018 NSP2 QPR [165kb .pdf] TCB Q3 2018 NSP2 QPR [165kb .pdf] TCB Q2 2018 NSP2 QPR [165kb .pdf] TCB Q1 2018 NSP2 QPR [165kb .pdf] TCB Q4 2017 NSP2 QPR [165kb .pdf] TCB Q3 2017 NSP2 QPR [165kb .pdf] TCB Q2 2017 NSP2 QPR [165kb .pdf] TCB Q1 2017 NSP2 QPR [165kb .pdf] TCB Q4 2016 NSP2 QPR [165kb .pdf] TCB Q3 2016 NSP2 QPR [165kb .pdf] TCB Q2 2016 NSP2 QPR [165kb .pdf] TCB Q1 2016 NSP2 QPR [165kb .pdf] TCB Q4 2015 NSP2 QPR [165kb .pdf] TCB Q3 2015 NSP2 QPR [165kb .pdf] TCB Q2 2015 NSP2 QPR [165kb .pdf] TCB Q1 2015 NSP2 QPR [159kb .pdf] TCB Q4 2014 NSP2 QPR [172kb .pdf] TCB Q3 2014 NSP2 QPR [173kb .pdf] TCB Q2 2014 NSP2 QPR [189kb .pdf] TCB Q1 2014 NSP2 QPR [173kb .pdf] TCB Q4 2013 NSP2 QPR [179kb .pdf] TCB Q3 2013 NSP2 QPR [180kb .pdf] TCB Q2 2013 NSP2 QPR [181kb .pdf] TCB Q1 2013 NSP2 QPR [169kb .pdf] TCB Q4 2012 NSP2 QPR [154kb .pdf] TCB Q3 2012 NSP2 QPR [163kb .pdf] TCB Q2 2012 NSP2 QPR [121kb .pdf] TCB Q1 2012 NSP2 QPR [111kb .pdf] TCB Q4 2011 NSP2 QPR [107kb .pdf] TCB Q3 2011 NSP2 QPR [71kb .pdf] TCB Q2 2011 NSP2 QPR [67kb .pdf] TCB Q1 2011 NSP2 QPR [59kb .pdf] TCB Q4 2010 NSP2 QPR [627kb .pdf] TCB Q3 2010 NSP2 QPR [28kb .pdf] TCB Q2 2010 NSP2 QPR [24kb .pdf] TCB Q1 2010 NSP2 QPR [12kb .pdf] The Community Builders Our mission is to build and sustain strong communities where all people can thrive. DONATE › NSP2 | Terms of Use | Privacy Policy Connect With Us Northeast Region Boston: 617-695-9595 New York: 646-783-3846 Midwest Region Chicago: 312-577-5555 Columbus: 380-235-7050 Mid-Atlantic Region Washington, D.C.: 202-552-2500 QUICK LINKS COMMUNITIES PARTNERS VALUES ABOUT TCB WHERE WE WORK NEIGHBORHOOD IMPACT NEWS & IDEAS CULTURE & CAREERS CONTACT powered by iDesign Consulting