Neighborhood Stabilization Program grants: funding priorities and criteria.

Existing law establishes various statewide housing and community development plans and projects. Existing federal law establishes a Neighborhood Stabilization Program that assists state and local governments in redeveloping abandoned and foreclosed upon homes. This bill would declare the intent of the Legislature to enact legislation that directs a portion of the federal program's funding to accomplish specified objectives relating to the building and green-collar trades, the provision of affordable, energy-efficient housing, and the revitalization of low -to moderate-income areas.