City Of Chula Vista
Like Us on Facebok   Follow us on Twitter - ThinkChulaVista!   

City of Chula Vista Site Map Contact Us City Calendar of Events Frequently Asked Questions City Services What's New In Chula Vista Chula Vista Attractions About Chula Vista Chula Vista Home
Whats New Arrow
All News Releases  
City Calendar  
Community Connection Newsletter  
Newsletter Archives  
blocker blocker


  What's New

Back To News

Hud Approves Chula Vistaís $ 2.8 Million Neighborhood Stabilization Plan Aimed At Foresclosed Properties
The U.S. Department of Housing and Urban Development (HUD) this week approved the City of Chula Vistaís $2.8 million plan aimed at reviving neighborhoods hit hard by foreclosures. Across the country, HUDís Neighborhood Stabilization Program (NSP) is pumping federal dollars into those communities experiencing exceptionally high foreclosure problems and risk of property abandonment. Local governments have developed plans for spending the HUD dollars. This week nine California communities, including Chula Vista, were given the green light to move forward with their plans.

According to HUD, NSP funds may be used to purchase foreclosed or abandoned homes/properties and/or to rehabilitate, resell or redevelop these homes. A key component of Chula Vistaís plan is to provide down payment assistance for low and moderate income first-time buyers purchasing foreclosed properties. Another part of the plan is to create permanent rental housing opportunities for very-low income residents. To see a copy of the approved plan and find out if youíre eligible, visit

HUDís Neighborhood Stabilization Program was created under the Housing and Economic Recovery Act of 2008 and provides nearly $4 billion to every state and certain local communities experiencing exceptionally high foreclosure problems and risk of property abandonment.

City staff is putting together a series of educational events for the public prior to March 3 when the Chula Vista City Council is expected to appropriate the NSP funds.

City Of Chula Vista



Arrrow Back To Top  


©2013 City of Chula Vista. All Rights Reserved.

Employees Only