SAN ANTONIO (San Antonio Express News) – About $102 million of the $3.9 billion Neighborhood Stabilization Program (NSP) was awarded to Texas, the majority of which has yet to be dispersed by cities and counties.
Texas calculated it had committed just over 30 percent of the $102 million in state NSP funds as of last week, said Gordon Anderson, a spokesman for the Texas Department of Housing and Community Affairs.
The program is designed to reduce the number of foreclosed homes and halt the depreciation of home values in communities nationwide.
The U.S. Department of Housing and Urban Development (HUD) reported that Dallas has committed less than 1 percent of its $8 million allocation, while Houston had not committed any of the $13.5 million it was given.
However, Harris County was awarded nearly $15 million separately and has distributed all but 1 percent of its available funds. San Antonio also has been busy pumping NSP money into stimulus projects to stabilize its neighborhoods. According to the HUD report, the city has committed nearly three-quarters of the $8.6 million it was awarded.