The City of Atlanta is successfully restoring the Edgewood neighborhood to its former beauty while incorporating green building design through HUD’s Neighborhood Stabilization Program (NSP). The goal of the program is to stabilize communities that have suffered from foreclosures and abandonment. Now, with the assistance of NSP, Edgewood is in the midst of a community [...]
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HUD Region 10 Public Affairs Proud Ground, a non-profit based in Portland, has been in the homeownership business for 13 years and it has lots to show for it. Proud Ground has helped Oregonians like Kelli Jarrell, a grandmother, who recently bought her first home – a 3 bedroom, 1.5 bath, 1600 square foot home [...]
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Three years ago, the City of Elgin, Illinois was awarded $2.16 million in Neighborhood Stabilization Funds to buy, renovate and sell properties in distressed housing markets. Today, the City sold one of its first properties to a first-time home owner. Elizabeth Femal recently became a first-time home buyer, and the first person to purchase one [...]
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Last week, Secretary Donovan provided the key note address at the 7th Annual conference of the National Association for Latino Community Asset Builders (NALCAB) and highlighted the Obama Administration’s investments in Latino communities and organizations. These investments have helped create jobs, stabilize home prices in neighborhoods hard hit by the housing crisis and helped thousands of [...]
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This morning Secretary Donovan toured the Olneyville neighborhood of Providence, Rhode Island to highlight local success stories of the Neighborhood Stabilization Program (NSP). Joining Secretary Donovan on the tour were U.S. Senators Jack Reed and Sheldon Whitehouse, Congressmen Jim Langevin and David Cicilline, as well as Providence Mayor Angel Taveras. The tour not only served [...]
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