Congresswoman Fudge: “Big Federal Dollars Are Coming Home To Rehabilitate Local Homes”

September 8, 2010

by Ohio RealEstateRama

WARRENSVILLE HEIGHTS, OH – September 8, 2010 – (RealEstateRama) — Congresswoman Marcia L. Fudge (OH-11) joins Housing and Urban Development (HUD) officials for a major announcement in Cleveland tomorrow, September 9th. HUD has announced the award of $1 billion dollars in the third phase of Neighborhood Stabilization Program grants (NSP 3). Cleveland and communities throughout Cuyahoga County are slated to receive a substantial portion of those funds to rehab foreclosed and abandoned homes locally. Details will be released at the news conference.

The event will take place at a home renovated under an earlier phase of the program, giving members of the media an opportunity to see firsthand the possibilities of reclaiming neighborhoods devastated by foreclosure. Congresswoman Fudge stated, “This is exciting news. Our federal dollars are coming home, and they’re being put to work in a big way to stabilize home values, revitalize impacted neighborhoods and help families find safe and affordable housing. I was pleased to support efforts in Congress to ensure these funds reached communities such as ours that were hit hard and hit early by the foreclosure crisis.”

WHEN: 10:30am September 9, 2010

WHERE: 7004 West Clinton, Cleveland, OH 44102

WHO: HUD Assistant Secretary Mercedes Marquez will travel from Washington to participate in the event with Congresswoman Fudge and other federal, state and local dignitaries.