2010-09-08nationalmortgageprofessional.com

"U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan has awarded an additional $1 billion in funding to all states along with a number of counties and local communities struggling to reverse the effects of the foreclosure crisis. The grants announced today represent a third round of funding through HUD’s Neighborhood Stabilization Program (NSP) and will provide targeted emergency assistance to state and local governments to acquire, redevelop or demolish foreclosed properties."



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