SAN JOSE – The Department of Housing and Urban Development awarded $25 million to the San Jose NSP2 Consortium to help residents who have been hit by foreclosure.
The consortium includes the Housing Trust of Santa Clara County, Neighborhood Housing Services Silicon Valley and the City of San Jose Housing Department.
The funds will be used to reduce the number of foreclosed and abandoned homes and to stabilize surrounding neighborhoods.
Read More: http://sanjose.bizjournals.com/sanjose/stories/2010/01/11/daily99.html
PHOENIX — The city of Phoenix was awarded a grant of $60 million under the Neighborhood Stabilization Program, funded through the American Recovery and Reinvestment Act of 2009.
In a news release, city officials said the U.S. Department of Housing and Urban Development awarded a total of $1.93 billion to states, cities and organizations. They said Phoenix, along with its partners, received the sixth largest grant amount in the competitive process.
Read More: http://www.kpho.com/news/22248416/detail.html
FLINT, Michigan — Will an unprecedented $37 million be enough to give Flint a sorely needed facelift?
The federal government is pouring a staggering amount of money into the city in an attempt to revitalize a city ravaged by foreclosures and an astonishing rate of abandonment.
In addition to the $25 million neighborhood stabilization grant announced this week, the federal government has given the city almost $12 million over the past three years to knock down houses and revitalize neighborhoods.
“The city of Flint has a tremendous need,” said Flint Mayor Dayne Walling.
“Some of the highest rates of foreclosure in the country are here, but this investment also shows there’s confidence from federal and state levels.”
Read more: http://www.mlive.com/news/flint/index.ssf/2010/01/feds_pouring_37_million_in_gra.html
