TITLE

Program pushed to buy, sell foreclosed homes

AUTHOR(S)
Edwards, John G.
PUB. DATE
December 2008
SOURCE
Las Vegas Business Press (10712186);12/1/2008, Vol. 25 Issue 48, pP15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
35620256

 

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