Has the federal role in neighborhood revitalization shifted in the face of the current urban landscape of older, distressed cities? The recent $6 billion federal stimulus program, the Neighborhood Stabilization Program (two rounds of funding termed NSP1 and NSP2), is intended to stabilize neighborhoods through the purchase of foreclosed or abandoned residential properties— properties that will be demolished, rehabilitated, and/or redeveloped for sale or rent to low- and middleincome households.
