Wednesday, September 7, 2011
Your Questions About Real Estate, Buying, Selling, Renting, Leasing And Market.
Charles asks…Should stimulus funds be used to allow developers to buy foreclosed houses?The stimulus provided $2 billion for HUD's new Neighborhood Stabilization Program that provides funds to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. These funds are in addition to the $3.9 billion provided for the same program in the Housing and Economic Recovery Act of 2008 (enacted last
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