August 2009

  • HUD To Assist States, Localities With Foreclosed Properties

    HUD will appropriate $50 million in Recovery Act funds to help state and local governments address the inventory of foreclosed properties assisted under the Department’s Neighborhood Stabilization Program (NSP). HUD is awarding $44.5 million to nine national organizations and another $5.5 million to help local communities purchase, rehabilitate and resell foreclosed properties in especially hard-hit neighborhoods. more