From KXAN, January 14, 2009...
No longer are investors solely looking great foreclosure deals in the down economy, the City of Austin and Travis County are as well. Both the city and county are currently making plans apply for money to buy up foreclosed homes that are sitting vacant and creating eyesores in neighborhoods in Central Texas.
Both governmental bodies are in discussions to apply for funding from the Housing and Urban Development's Neighborhood Stabilization program to purchase the properties and redevelop them for affordable housing. The nationwide funding program is designed for communities as an emergency act to prevent blight in neighborhoods.
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Friday, January 23, 2009
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