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The Neighborhood Initiative Program

Neighborhood Initiative Program

Overview of the Neighborhood Initiative Program

The Ohio Housing Finance Agency (OHFA) received approval from the U.S. Department of the Treasury to utilize up to $60 million of Ohio’s remaining Hardest Hit Funds (HHF) to assist with stabilizing local property values through the demolition of vacant and abandoned homes across Ohio.

The Neighborhood Initiative Program (NIP) is designed to stabilize property values by removing and greening vacant and abandoned properties in targeted areas in an effort to prevent future foreclosures for existing homeowners.

The Neighborhood Initiative Program (NIP) will fund strategically targeted residential demolition in designated areas within the state of Ohio. OHFA will partner with County Land Revitalization Corporations (“land banks”) or an entity that has signed a cooperative agreement with an established county land bank.

  • NIP will be available to the 17 Ohio counties that have an established land bank.
  • OHFA has issued a Request for Proposals from the state’s county land banks.
  • The program begins in early 2014 and concludes in 2017.

Technical Assistance

OHFA has contracted GOPC to advise OHFA and applicants on the implementation of the Neighborhood Initiative Program (NIP).

Assistance includes:

  • Consultation with applicants regarding best practices for the selection of neighborhoods and properties for the program
  • Strategic and technical advice to eligible applicants in responding to the RFP for the NIP

 


Best Practices for Strategic Demolition

The guidelines for the Neighborhood Initiative Program (NIP) are available on OHFA's website.

This webpage provides information and resources to assist applicants as they prepare their applications for NIP funding and implement their programs according to the NIP guidelines.

Program applicants must focus on:

  • Target areas
  • Demolition and greening of abandoned residential properties
  • Preventing further reduction in property values
  • Preventing possible foreclosure of existing residential homes

Below is GOPC's presentation on best practices for implementing the NIP program.

 

The following resources may be useful to NIP applicants and grantees: