January 18, 2012

City Sells First Neighborhood Stabilization Program Home

Three years ago, the City of Elgin, Illinois was awarded $2.16 million in Neighborhood Stabilization Funds to buy, renovate and sell properties in distressed housing markets.  Today, the City sold one of its first properties to a first-time home owner. Elizabeth Femal recently became a first-time home buyer, and the first person to purchase one […]

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December 6, 2011

Investments and Results in the Latino Community

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Last week, Secretary Donovan provided the key note address at the 7th Annual conference of the  National Association for Latino Community Asset Builders (NALCAB) and highlighted the Obama Administration’s investments in Latino communities and organizations. These investments have helped create jobs, stabilize home prices in neighborhoods hard hit by the housing crisis and helped thousands of […]

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November 28, 2011

Secretary Tours Completed Neighborhood Projects in Rhode Island and Speaks of Future Possibilities

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This morning Secretary Donovan toured the Olneyville neighborhood of Providence, Rhode Island to highlight local success stories of the Neighborhood Stabilization Program (NSP).  Joining Secretary Donovan on the tour were U.S. Senators Jack Reed and Sheldon Whitehouse, Congressmen Jim Langevin and David Cicilline, as well as Providence Mayor Angel Taveras. The tour not only served […]

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November 23, 2011

Asset-ics

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HUD Region 10 Public Affairs “It’s a government program that works.”  Those words, quoted recently in The Idaho Press Tribune, may be the sweetest taxpayers can ever hear.  They were spoken not by a government bureaucrat, but by Greg Bullock, a real estate agent in Nampa, a city of almost 82,000 in southwest Idaho’s Treasure […]

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