Council Approves Neighborhood Plan
Plan Would Help Neighborhoods Hit By Foreclosures
POSTED: 9:40 pm PST November 19,
2008
UPDATED: 10:52 pm PST November 19,
2008
LAS VEGAS -- The Las Vegas City Council has given the green light to a neighborhood stabilization plan.The $20.6 million plan will now be submitted to the office of Housing and Urban Development to help neighborhoods hit hard by foreclosure.If approved, the funding will be used to purchase foreclosed homes that'll be leased-to-own or rented.Funding may also be used for a down-payment assistance program.
Previous Stories:
- November 13, 2008: State Tops U.S. Foreclosure List For 22nd Month
- November 5, 2008: Law Helps Responsible Owners Get New Mortgage
- October 22, 2008: Reid, Goodman Tour Foreclosed Area
- October 22, 2008: Feds Give State $70M For Foreclosure Help
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