Program pushed to buy, sell foreclosed homes

Edwards, John G.
December 2008
Las Vegas Business Press (10712186);12/1/2008, Vol. 25 Issue 48, pP15
The article discusses the Neighborhood Stabilization Program that was organized by Nevada Governor Jim Gibbons, bankers and local government officials. Program aims get a $72 million federal grant for acquisition, renovation and sell off foreclosed homes to moderate-income residents in Nevada. Qualifications to acquire foreclosed homes include an annual income of $76,000 and completion of housing counseling program. The article notes that Las Vegas city proposed a lease-to-buy program that will enable families to buy homes in an installment basis.


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