This post is also available in: Spanish
Today, Secretary Donovan stopped by Phoenix to highlight to sustained success of the Neighborhood Stabilization Program (NSP) and see firsthand how the program has impacted the city. Along with Congressman Ed Pastor and Mayor Phil Gordon, the Secretary toured the Southland Neighborhood of Phoenix.
Southland boasts a diverse community that includes a large Hispanic population. This was one of the neighborhoods in the City of Phoenix hardest hit by foreclosures. However, thanks to NSP funds, this neighborhood is beginning to thrive and property values are beginning to rise. In Southland, $139,590 of NSP funding has already created 63 new jobs and nearly 5,000 jobs are expected to be created as the result of NSP funding.
Secretary Donovan also expressed support for the American Jobs Act and Project Rebuild which will build upon the resurgence that NSP funding has begun. Secretary Donovan highlighted the potential benefits of the Jobs Act in Arizona which include income and payroll tax cuts, highway and transit modernization projects, support for educators and first responders, improving school infrastructure and helping the unemployed by creating an estimated 17,000 jobs.
Overall, Project Rebuild will put nearly 200,000 Americans back to work while stabilizing home prices in neighborhoods that have been hard hit by foreclosures.