The Neighborhood Initiative Program (NIP) is designed to stabilize property values and prevent future foreclosures for existing property owners in strategically targeted areas through the removal and greening of blighted structures.
NIP will assist communities by acting as a catalyst to stimulate redevelopment and revitalization in areas suffering from blight and decline, stabilizing values and assisting in the preservation of existing neighborhoods. NIP is a joint venture of the South Carolina State Housing Finance and Development Authority (SCHFDA) and the SC Housing Corporation (SCHC), a not-for-profit corporation. NIP is made possible by the U.S. Department of the Treasury.
Learn more about Blight Elimination Funding.
The City of Anderson, along with Nehemiah Community Revitalization Corporation and the Anderson Community Development Corporation, was awarded $424,504 to combat blighted properties. An agreement was signed between the City, partnering organizations, and the SCHC on May 18, 2015. Funding must be expended by May 31, 2016.
Targeted properties will be purchased by the nonprofit organizations, and existing structures will be removed. Afterward, the property will be maintained for a period of at least three years unless redevelopment opportunities arise. Each property may only receive $35,000 of NIP funding through all phases of the process, and properties must be located within the approved NIP Target Area.
Erica M. Craft
Interim Director of Neighborhood and Transit Services Division