Tuesday, February 3, 2009
News HUD approves foreclosure grants for Atlanta, DeKalb
Posted by Thomas Wheatley @thomaswheatley on Tue, Feb 3, 2009 at 3:00 PM
Good news if you have abandoned and foreclosed homes on your block:
Federal housing officials have approved plans by six Georgia communities to spend nearly $36 million to combat the effects of high foreclosures and declining home values.On Monday, HUD approved plans involving $18.5 million for DeKalb County and $12.3 million for Atlanta and smaller plans for Savannah, Augusta-Richmond County and Clayton and Muscogee counties.
Under the plans, emergency assistance will be targeted for specific neighborhoods by acquiring and redeveloping foreclosed properties that might otherwise be abandoned, leading to blight.
Cities and counties have 18 months to spend the grants.
like
dislike
Latest in Fresh Loaf
-
ARC's new map of transportation-tax projects is suitable for framing
Voters will decide 1-cent sales tax measure in July
-
CL's very first Political Party (reboot) — and you're invited
Free panel discussion about the APS redistricting debate
-
Time and Place: Get off my head ASAP
I found the reaction of the kid getting surfed on to be absolutely hilarious.
- More »
Author Archives
-
Study: Metro Atlanta among weakest metro regions in country 6
Who's faring better? Well, everyone.
-
Spend a day down at the Georgia Gold Dome 2
From iPhone apps to a two-headed calf, tips to see your General Assembly in action
- More »
