HUD approves foreclosure grants for Atlanta, DeKalb
February 3, 2009 at 10:00 am by Thomas Wheatley in NewsGood news if you have abandoned or foreclosed homes on your block:
Federal housing officials have approved plans by six Georgia communities to spend nearly $36 million to combat the effects of high foreclosures and declining home values.
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On Monday, HUD approved plans involving $18.5 million for DeKalb County and $12.3 million for Atlanta and smaller plans for Savannah, Augusta-Richmond County and Clayton and Muscogee counties.
Under the plans, emergency assistance will be targeted for specific neighborhoods by acquiring and redeveloping foreclosed properties that might otherwise be abandoned, leading to blight.
Cities and counties have 18 months to spend the grants.
February 3rd, 2009 at 2:14 pm
Hi Thomas,
How would the public take advantage of a grant like this?
February 4th, 2009 at 3:20 am
This is great news! I hope HUD approves more foreclosure grants in other states.