HUD approves foreclosure grants for Atlanta, DeKalb
Tuesday, February 3rd, 2009Good 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.
…
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.










