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Reply #187: Oh, yes, it isn't go to happen... except here and here and here...Heres your [View All]

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bobbolink Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-19-10 02:38 PM
Response to Reply #186
187. Oh, yes, it isn't go to happen... except here and here and here...Heres your
Before you start calling people names and denigrating their ideas, you MAY wnat to open your mind a bit, and actually listen and think:

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced yesterday the award of $2 billion in American Recovery and Reinvestment Act funding to states, local governments and non-profit housing developers, under HUDs Neighborhood Stabilization Program (NSP). Nearly 80 grantees are receiving awards. A full list of grants awarded can be found here. The $2 billion in NSP grants will help state and local governments and non-profit developers collaborate to acquire land and property; to demolish or rehabilitate abandoned properties; offer down-payment and closing cost assistance to low- to middle-income homebuyers; and create land banks to assemble, temporarily manage and dispose of foreclosed homes. /

Foreclosed homes are being eyed as low-income housing
County acquires $2M, seeks millions more to convert vacant houses into affordable rentals
by Jen Beasley | Staff Writer
Montgomery County has been awarded a little more than $2 million of the $400 billion Neighborhood Stabilization Program passed by Congress that will allow the county to purchase foreclosed homes for use as rentals for people who make less than 50 percent of the area median income less than $50,000 for a family of four in Montgomery. The county housing department has applied for an additional $7 million from the state's share of the federal money.

Publication: Sun-Sentinel (Fort Lauderdale, Florida)
Date: Monday, December 22 2008

The U.S. economy might be in a recession, but Pembroke Pines has one less thing to worry about: foreclosed homes.
Last month, Pines commissioners accepted a $4,398,575 federal block grant from the Department of Housing and Urban Development to buy and renovate foreclosed homes.
The HUD funding applies only to a makeover of 36 recently foreclosed homes in Pines neighborhoods that "have become sources of abandonment and blight within the community," according to the grant application.

I'm sure you will have more belittling comments to make to me in regard to this, but folks reading this interchange will see what you are about. So, have at it.
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