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menlo park bail out plan: Mini-Bailout Plan For Menlo Park - 07/29/09 04:56 PM
 
Local governments are also pitching in on rescue plans for the economy, particularly in real estate. If we have the first time homebuyer tax credit on a national scale, Menlo Park has its own contingency measures to boost the city’s economy.
Andy Cohen, councilman in Menlo Park City, has submitted a proposal that focuses on foreclosed homes. He proposed allotting a $2 million budget for buying foreclosed homes, renovating them, and then selling the improved homes at prices below their current market values.
The budget will be taken from below-market rate housing funds. The limitations to the proposal are only … (0 comments)

 
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Todd Beardsley

Palo Alto, CA

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Menlo Atherton Realty

Address: 1010 El Camino Real, Palo Alto, CA, 94025

Office Phone: (650) 630-3313

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