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Can NSP funds be used to subsidize the purchase of newly constructed homes built on vacant lots (via soft seconds)? Would this fall under Activity 1 or 5?

April 26, 2017built constructed funds homes newly nsp purchase subsidize Used vacant

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Can NSP funds be used to subsidize the purchase of newly constructed homes built on vacant lots (via soft seconds)? Would this fall under Activity 1 or 5?

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Neither. Activity 5 requires the actual redevelopment of demolished or vacant properties and Activity 1, which allows for soft seconds, are applicable to the purchase and redevelopment of foreclosed and abandoned properties.