Tiffany Thomas-Smith is Deputy Press Secretary at HUD; Andrea Risotto is Spokeswoman for the Making Home Affordable Program at the Treasury Department Today, the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD) issued the July Housing Scorecard and monthly Making Home Affordable Program Performance Report. Included in the [...]
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 [...]
“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. [...]
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 [...]
As the House of Representatives considers whether or not to eliminate the Neighborhood Stabilization Program (NSP), many city and state leaders have been voicing their opposition to the elimination of the program.