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1) Communities Severely Damaged by Storms Will Get CDBG Assistance From HUD
Author:
Zeus John Martinez
Category:
News and Society
Weeks ago, President Bush almost didn't sign the housing bill that would provide a remedy for the housing slump, because of a particular provision in the draft where about $4 billion in funds are slated to shoulder the costs for redeveloping and rehabilitating foreclosed properties in communities hit hard by the foreclosure wave. Fortunately, succeeding events led to the eventual signing of the housing bill in the latter part of July.Because of this, communities will now be able to he...
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