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NSP STRATEGY =4 : DEMOLITION AND CLEARANCE / HOUSING REDEVELOPMENT <br /> Description : "The purpose of this NSP strategy is to turn vacant or blighted properties into productive use that will <br /> n <br /> ghborhood which has been egatively impacted by foreclosures . Indicate which activities you <br /> help stabilize a nei <br /> plan to undertake with NSP and / or other funding : <br /> 24 CFR 570 . 201 ( a) Acquisition <br /> 24 CFR 570 . 201 ( b ) Disposition <br /> 24 CFR 570 . 201 ( d ) Clearance and Remediation ( including housing replacement or new construction ) <br /> 24 CFR 570201 ( n ) Homeownership Assistance <br /> 24 CFR 570 . 201 (o ) Counseling <br /> Total NSP Budget for NSP Strategy : $ 0 Funds for this activity cannot exceed five percent of the <br /> regular allocation (excluding the set- aside for rental housing) . <br /> Other Funds to Be Committed for NSP Strategy : $ 0 <br /> NSP Target Area and Justification : Include as much detail as you can about the NSP target area( s ) <br /> and provide <br /> Justification of need ( estimated number of foreclosed homes , vacant homes , etc . ) . <br /> NSP Target Area ( city , <br /> neighborhood , etc . ) <br /> Justification (estimated <br /> number of foreclosures , <br /> etc . ) : <br /> Potential Nonprofit or For <br /> profit Subrecipients — <br /> ( including property <br /> management companies ) : <br />