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NSP Loans


Self-Help and the Neighborhood Stabilization Program (NSP)

In 2010, the Center for Community Self-Help was awarded $11.76 million in Neighborhood Stabilization Program 2 funds to help provide stability to distressed areas across the country. Since then, Self-Help has combined these funds with our own capital to provide acquisition, rehab, construction and permanent financing for more than 300 units of NSP-eligible housing.

As per our application, the deployment of this financing has been focused on the following designated markets: New Haven, CT; Atlanta, GA; Chicago, IL; Los Angeles, CA; targeted communities in California's Northern Central Valley; and targeted communities in California's Bay Area. We have also been able to add other needy communities to our targeted geography by amendment. These additional geographies include areas in Pittsburgh, PA; Aurora and Evanston, IL; and Durham, NC.

Benefits of Self-Help NSP Loans

  • Flexible terms for qualified borrowers and projects
  • Ability to structure loans around the unique needs of the project
  • Expertise with NSP requirements and process

Self-Help is seeking housing developers in our target markets who need project financing for multifamily residential properties. We are also sourcing deals in new geographies where we can identify projects that are financially viable, NSP-eligible, and can deliver positive impacts in distressed communities.

Financing for single-family redevelopment projects is also available. However, we are targeting all our construction and permanent loan products at affordable housing developers and cannot offer financial support through NSP to individuals seeking to purchase a foreclosed property. Contact our home lending team if you are interested in an individual mortgage.

Please email us at nsp2info@self-help.org to inquire about NSP financing, or if you have any questions about our NSP program.


apartment buildings
Self-Help uses NSP dollars alongside our own capital to provide financing for affordable multifamily housing developers in communities across the country. If you'd like more information on our NSP program, get in touch at nsp2info@self-help.org.

Program update: December 30, 2018

Self-Help is currently seeking to expand our approved geographies to add census tract 37063000700, located in downtown Durham immediately next to the Durham Station Transportation Center, by means of an amendment to the U.S. Department of Housing and Urban Development (HUD). The proposed development involves the construction and permanent financing of 82 affordable housing units, 39 of which will be one-bedroom and 43 of which will be 2 bedrooms. Most importantly, all will serve low-income and very low-income families (all below 60% AMI). All units will be below 60% AMI, with 20% of units below 30% AMI.  Additionally, 21 of the 82 units will include project-based Section 8 vouchers to serve families through the Durham Housing Authority.

If you have any questions or concerns about the impacts of this project, please feel free to contact us at nsp2info@self-help.org

Program Update: March 2018

Self-Help is currently seeking to expand our approved geographies to add census tract 45079010600, located just outside the city of Columbia, by means of an amendment to the U.S. Department of Housing and Urban Development (HUD). The proposed development involves the construction and permanent financing of six townhouse buildings, totaling 33 3BR/2BA rental units.

These units will all serve low-income families (below 80% AMI), with most tenants being Housing Choice Voucher holders. The development is located in the neighborhood of Ridgewood, just outside the Columbia City limits. As indicated by the original NSP2 foreclosure-vacancy score of 20, this tract represents an area classified as “severely distressed” with a poverty rate of 30% and unemployment more than 2.2 times the national average. 

If you have any questions or concerns about the impacts of this project, please contact us at nsp2info@self-help.org.