The Neighborhood Stabilization Program (NSP) was a program created under President Bush to allow housing agencies to use federal money for the purchase and rehabilitation of foreclosed, blighted properties. Under the NSP, agencies could either sell the rehabed property to refund the program, or keep them as properties in the agency's portfolio. SHA successfully leveraged the NSP to purchase and rehab 7 properties. 19 North Ave, 6 Kirk St, and 7 Kirk St were rehabed and sold to refund the program. 14 Sherburne St, 28 Prescott St, and 24 Howard St were added to SHA's housing portfolio. In addition SHA's new main office, located at 17 School St, was partially funded through the NSP.
Began construction in Fall 2012 and enlisted the students from Sanford Vocational Building Construction Program. Completed in the Summer of 2014. This property remained in SHA's portfolio.
Constructed during the Summer of 2011, 28 Prescott was completely demolished and rebuilt. This property remained in SHA's portfolio.
14 Sherburne Street was purchased in the Spring of 2010 for rehabilitation. Construction was completed in the Summer of 2010. This property remained in SHA's portfolio.
6 Kirk Street was purchased, rehabed, and sold to refund the NSP.
7 Kirk Street was purchased, rehabed, and sold to refund the NSP.
19 North Avenue was purchased, rehabed, and sold to refund the NSP.
