Notice of Formula Allocations and Program Requirements for Neighborhood Stabilization Program Formula Grants; Correction
On October 19, 2010, HUD published the ``Notice of Formula Allocations and Program Requirements for Neighborhood Stabilization Program Formula Grants'' (Unified NSP Notice) in the Federal Register, at 75 FR 64322. That notice provided unified program requirements for the NSP1 grantees and NSP3 grantees. The allocation formula, application process and program requirements for NSP1 grantees were originally published in an October 6, 2008 Federal Register Notice at 73 FR 58330 and amended by a June 19, 2009, April 9, 2010, and an August 27, 2010 Federal Register Notice at 74 FR 29223, 75 FR 18228 and 75 FR 52772, respectively. This notice is revising the Unified NSP Notice to include the provision of corrective action(s) or sanctions among HUD's remedial actions for failure of NSP1 grantees to meet the four year expenditure requirement.