July 26, 2011

HUD: Going to Work in Southern Texas

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Cross posted from WhiteHouse.gov I recently had the opportunity to attend the 4th Annual Border Summit of the National Association of Latino Community Asset Builders (NALCAB) in McAllen, Texas.  I was joined at the summit by federal partners from USDA and Treasury—Judy Canales, Administrator for Rural Business and Cooperative Programs at USDA-Rural Development and Donna […]

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March 16, 2011

HUD Statement on House Passage of the NSP Termination Act (H.R. 861)

“The Neighborhood Stabilization Program is investing in hard-hit communities struggling to reverse the effects of the foreclosure crisis. Across the country, this program is already positively impacting property prices and turning houses that would be abandoned back into homes for American families. We cannot afford to turn back the progress we’ve made in these neighborhoods. […]

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March 15, 2011

The Facts about the Neighborhood Stabilization Program

HUD has awarded $7 billion through the Neighborhood Stabilization Program (NSP) to hard-hit communities struggling to reverse the effects of the foreclosure crisis. NSP funding is helping communities to purchase foreclosed homes and to either rehabilitate them or tear them down. In addition, the program can help families to purchase these properties. In essence, NSP […]

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March 8, 2011

Working to Preserve our Communities

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Last week, I had the opportunity to testify before the House Financial Service Committee’s Subcommittee on Insurance, Housing, and Community Opportunity to discuss the status of the Neighborhood Stabilization Program (NSP) and the continued need for all NSP funding.  NSP is not a foreclosure prevention program, rather a tool to help communities across our nation […]

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