Stimulus Includes $2 Billion in Neighborhood Stabilization Fund

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Thursday, February 12, 2009 at 12:26 pm

We wrote yesterday that housing advocates were concerned that the Senate’s stimulus bill eliminated all funding for a program allowing communities hit hardest by the housing collapse to buy up foreclosures, thereby preventing neighboring homes from plummeting in value.

Those advocates will be happy to learn that the final compromise bill includes $2 billion for the Neighborhood Stabilization Program. That’s less than the $4.2 billion passed by the House, but surely better than nothing. After all, it was the housing crisis at the root of this recession.

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The Washington Independent » Stimulus Includes $2 Billion in … « My Fund house
Pingback posted February 12, 2009 @ 3:07 pm

[...] Read the original post:  The Washington Independent » Stimulus Includes $2 Billion in … [...]


Knock Knock . . . Who’s There? « Eat It Or Wear It
Pingback posted February 21, 2009 @ 10:24 pm

[...] Stimulus Includes $2 Billion in Neighborhood Stabilization Fund Those advocates will be happy to learn that the final compromise bill includes $2 billion for the Neighborhood Stabilization Program. That’s less than the $4.2 billion passed by the House, but surely better than nothing. After all, it was the housing crisis at the root of this recession. [...]


What Has “Obama” Actually Done???? – Politics Anonymous
Pingback posted September 6, 2011 @ 3:31 am

[...] “Financial literacy programs”, et al, to helping families become self-sufficient. 3) A $2 billion in new Neighborhood Stabilization Funds that will allow ailing neighborhoods be kept maintained. 4) A $1.5 billion in Homelessness [...]


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