When President Obama unveiled his jobs plan on Thursday, September 8, it did not include funding for the NHTF as had been urged by the NHTF campaign and others. The President did propose $15 billion for a more flexible version of the Neighborhood Stabilization Program (NSP). No policy explanation for the decision to exclude the NHTF was immediately forthcoming, but White House staff are interested in considering ways the new NSP funds could serve extremely low income renters, the primary population to be assisted through the NHTF. Dubbed “Project Rebuild,” the $15 billion would be used to link unemployed people in distressed communities with jobs that will “repair and repurpose residential and commercial properties.” Land banks would be a key eligible use. To read the White House overview of the whole jobs proposal, go to http://www.whitehouse.gov/the-press-office/2011/09/08/fact-sheet-and-ove....