Secretary Donovan announces $2 billion in recovery act funds to stablize neighborhoods hard-hit by foreclosure
Secretary Donovan announces $2 billion in recovery act funds to stablize neighborhoods hard-hit by foreclosure
WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced that HUD is now soliciting grant applications under the Department’s Neighborhood Stabilization Program (NSP) to make available nearly $2 billion in Recovery Act funding to states, local governments and non-profit housing developers to combat the effects of home foreclosures. Applications for NSP funds will be due July 17, 2009.
Source: http://www.hud.gov/news/release.cfm?content=pr09-047.cfm
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