NEIGHBORHOOD STABILIZATION PROGRAM REFINEMENTS.

SEC. 105. NEIGHBORHOOD STABILIZATION PROGRAM REFINEMENTS.(a) In General.—Section 2301(c) of the Foreclosure Prevention Act of 2008 (42 U.S.C. 5301 note) is amended—(1) by redesignating paragraph (3) as paragraph (4); and(2) by inserting after paragraph (2) the following new paragraph:“(3) Exception for certain states.—Each State that has received the minimum allocation of amounts pursuant to the requirement under section 2302 may, to the extent such State has fulfilled the requirements of paragraph (2), distribute any remaining amounts to areas with homeowners at risk of foreclosure or in foreclosure without regard to the percentage of home foreclosures in such areas.”.(b) Retroactive Effective Date.—The amendment made by subsection (a) shall take effect as if enacted on the date of enactment of the Foreclosure Prevention Act of 2008 (Public Law 110–289).