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 […]

March 14, 2011

Hospitals call FHA when they need help!

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All across the country, hospitals and other health care facilities that are struggling to keep operating don’t call 9-1-1 when they need help. They dial F-H-A. FHA’s Section 242 program makes it possible for hospitals, assisted living facilities and other health care institutions to finance critically needed construction, rehabilitation, and equipment. FHA mortgage insurance helps […]