[1]CHN Joins Detroit Shoreway & City of Cleveland to Host HUD Press Event Third Round of NSP Grants Announced On September 9, 2010 CHN, Detroit Shoreway and the City of Cleveland welcomed Assistant Secretary Mercedes Marquez of the Department of Housing and Urban Development (HUD). Marquez announced a $6.8 million award to the City of Cleveland for the third round of funding through the Neighborhood Stabilization Program (NSP). NSP was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes, the goal of the program is being realized through continued progress from NSP1 and NSP2 investments. CHN has been utilizing NSP funds to acquire and rehab vacant homes in Cleveland’s Strategic Investment Initiative (SII) neighborhoods already experiencing early success—78% of rehabbed homes have been sold or are under contract. Known as Opportunity Homes, this collaborative effort with Neighborhood Progress Inc. (NPI), Enterprise Community Partners, the City of Cleveland, the State of Ohio and six CDCs: Buckeye Detroit Shoreway Fairfax Famicos (Wade Park area) Slavic Village Tremont Opportunity Homes homeowner Millie Davis hosted the event at her West Clinton home which was rehabbed with the aid of NSP funds. Officials from federal, state and local governments provided remarks on how this latest round of funding will continue to support the demolition and rehab of foreclosed homes to protect and enhance the vitality of Cleveland neighborhoods. Other officials in attendance were Cleveland Mayor Frank Jackson, Congressman Dennis Kucinich, Congresswoman Marcia Fudge, Lisa Patt-McDaniel, Director, Ohio Department of Development and representatives of Senator Sherrod Brown. To learn more about Opportunity Homes click here.