More NSP News

HUD yesterday announced the third round of funding for the Neighborhood Stabilization Program (NSP) Funding.  Texas Grantees received $18 Million:

Dallas $2,356,962
Dallas County $1,364,426
Harris County $1,925,917
Hidalgo County $1,716,924
Houston $3,389,035
State Of Texas $7,284,978
Texas Total $18,038,242

Texas’s grants are make it the 10th largest NSP recipent, dwarfed by Florida and California’s share of the $970,000,000 allocated in the funding round:

1 Florida $208,437,144
2 California $149,308,651
3 Michigan $57,524,473
4 Ohio $51,789,035
5 Georgia $50,421,988
6 Arizona $45,377,073
7 Indiana $31,509,101
8 Illinois $30,143,105
9 New York $19,834,940
10 Texas $18,038,242
11 Colorado $17,349,270
12 Missouri $13,110,604
13 Minnesota $12,427,113
14 New Jersey $11,641,549
15 Tennessee $10,195,848

HUD also released the “Snapshot Reports” showing Grantee progress on first round of NSP funding as of 8/31.  The snapshot of Texas recipients indicates that TDHCA was only 55% obligated as of 8/31.  Given that TDHCA reported last Friday (9/3) that they had obligated 100% of their funds, that fact suggests that TDHCA obligated an impressive 45% of their funds in the final days before the deadline.

Other than TDHCA, only two Direct Grantees in Texas were less than 75% obligated: Fort Bend County, at 27% obligated, and El Paso, at 4% obligated.  If these grantees don’t reach 100% obligation by their respective 18-month deadlines, HUD will impose additional restrictions and oversight on their activities.