neighborhood: HUD AWARDS $3.6 MILLION IN CHOICE NEIGHBORHOODS PLANNING GRANTS
- 01/12/12 05:20 AM
13 communities awarded grants to begin grassroots efforts to revitalize housing, communities WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan announced today that 13 communities across the U.S. will receive $3.6 million in Choice Neighborhoods Planning Grants. “All across the country, local planners are serious about rolling up their sleeves to transform distressed neighborhoods into choice neighborhoods,” said Donovan. “These communities can now begin the comprehensive planning needed to turn distressed housing and long-neglected neighborhoods into viable and sustainable mixed-income communities that support positive outcome for families.” Building on nearly 20 years of success through HUD’s HOPE VI … (0 comments)
neighborhood: Shadow Inventory
- 09/21/10 09:09 AM
Where is the shadow inventory? WASHINGTON - Sept. 20, 2010 - For the last year, the real estate industry has been talking about shadow inventory and the coming flood of distressed properties. Where are they?Here's what's happening, according to a recent paper by Alan Mallach, a senior fellow the Brookings Institution: · Some delinquencies have been resolved through loan modifications or people working out the problems on their own.
· Banks are getting better at managing short sales.
· Investors are aggressively buying up properties, sometimes in bulk, directly from the banks or at courthouse auctions so they don't … (1 comments)
13 communities awarded grants to begin grassroots efforts to revitalize housing, communities
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