City of Aiken Neighborhood Initiative Program
The Neighborhood Initiative Program (NIP) is designed to stabilize property values and prevent future foreclosures for existing property owners in targeted areas through the demolition and greening of blighted or vacant/abandoned structures. The NIP helps communities by acting as catalyst to stimulate revitalization in areas that are suffering from decline and assisting in the preservation of the neighborhood.
The Neighborhood Initiative Program (NIP) is a joint venture of the South Carolina State Housing Finance and Development Authority and the SC Housing Corp. (SCHC) at not-for-profit corporation. The NIP is made possible through the U.S. Department of the Treasury.
The City of Aiken, Second Baptist CDC, and Nehemiah CRC are partnering together to accomplish NIP goals. The City has been awarded $365,697.00 to combat blight. An agreement was signed between the City, Second Baptist CDC, and Nehemiah CRC in May of this year. All funds must be used by May 31, 2016. Targeted properties will be purchased by our partners and the existing structures will be demolished and greened. The property will be maintained for a period of at least 3 years, unless opportunities for redevelopment arise. Each property may only receive $35,000 of the NIP funding through all phases of the process. Properties must be located within the approved NIP Target Area.