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Pinal County has received $3,168,315 in federal Neighborhood Stabilization Program (NSP3) funds. These are funds made available through the U.S. Housing & Urban Development (HUD) Program’s Neighborhood Stabilization Program. The program provides targeted emergency assistance to state and local governments to acquire, redevelop or demolish foreclosed properties. This will meet the HUD objective of stabilizing neighborhoods in Apache Junction, Coolidge and Casa Grande damaged by foreclosure, vacancy or abandoned properties.The County will be using its $3.17 million allocation to address foreclosure issues in four “areas of greatest need” that meet strict criteria outlined by the HUD grant program. The areas chosen are select neighborhoods within … (3 comments)
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