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Leggett, Federal, and State Housing Officials Highlight Acquisition and Rehabilitation of Vacant Foreclosed Homes

County Executive Ike Leggett recently joined County Council President Nancy Floreen, Maryland Department of Housing and Community Development Deputy Secretary Clarence Snuggs, and federal and local housing officials to tour a formerly vacant foreclosed property in Germantown that is now available for rental through the Housing Opportunities Commission.

The acquisition and renovation of this house, as well as 15 others in Germantown and Wheaton, is part of a $7.1 million effort made possible by funding from the U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program, the Maryland Department of Housing and Community Development’s Neighborhood Conservation Initiative and a HUD Community Development Block Grant.

The Housing Opportunities Commission provides the homes to eligible households with incomes less than 50 percent of the Area Median Income (AMI), or $51,750 for a family of four. Read more

CATEGORIES: County Executive , Economy
POSTED AT: Monday, June 14, 2010 | 5:00:00 AM |
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Last edited: 11/8/2010