In 2010, Chicanos Por La Causa, Inc. [CPLC], a multistate community development corporation leading a national consortium of 15 nonprofit affordable housing developers, received $137 million from the United States Department of Housing and Urban Development under Neighborhood Stabilization Program [NSP-2]. As one of the largest federal grants that targets predominately Latino communities in the
... [Show full abstract] USA, NSP-2 funding allows consortia of nonprofit housing agencies to acquire, revitalize, and sell or rent foreclosed, vacant and abandoned properties. With funding from the consortium, the paper assesses NSP-2 impact on households, real estate, and housing related measures in the metro areas of Denver, Colorado and Phoenix, Arizona. The study attested to the positive impact of NSP-2 on urban and economic regeneration in metro areas neighborhoods including: augmenting the real estate values, serving Latino population, creating mixed-income communities; and stimulating local economic opportunities through job creation.