liberty square: Roswell Georgia Approves Federal Grant
- 01/18/09 10:01 PM
Roswell's City Council just approved the submission of a grant application to bring stability to neighborhoods with abandoned and foreclosed homes due to the mortgage crisis. The grant, more specifically known as Housing and Urban Development's (HUD) Neighborhood Stabilization Program (NSP), is a relatively new program to assist state and local governments in acquiring and redeveloping foreclosed properties that might otherwise become sources of abandonment within their communities. The redevelopment of these homes will help to stabilize neighborhoods and curtail the decline of housing values of neighboring homes. Two Roswell communities have been identified as being eligible for this program, Holcomb … (0 comments)
Roswell's City Council just approved the submission of a grant application to bring stability to neighborhoods with abandoned and foreclosed homes due to the mortgage crisis. The grant, more specifically known as Housing and Urban Development's (HUD) Neighborhood Stabilization Program (NSP), is a relatively new program to assist state and local governments in acquiring and redeveloping foreclosed properties that might otherwise become sources of abandonment within their communities. The redevelopment of these homes will help to stabilize neighborhoods and curtail the decline of housing values of neighboring homes.;)
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