Why Columbus?
Catagories
Archives
Recent Comments
- Jerrod on WOW - FABULOUS - SPECTACULAR !!
- Liz Bolton Cambridge MA on WOW - FABULOUS - SPECTACULAR !!
- Richard on WOW - FABULOUS - SPECTACULAR !!
- Richard Stabile Bergen County Real Estate on HUD Secretary says Columbus area Home Buyers don’t have to wait for the Eight Grand tax credit
- Walker Evans on Will the newly opened and refurbished Lincoln Theater revive Columbus Near East Side?
Remeber that $700 Billion bailout What’s in it for Columbus
October 30th, 2008 categories: Mortgage/Finance, Real Estate News
Maybe about $23 Million. It’s all still up in the air though – how much, where it would go, how to qualify, etc.
After Congress agreed to help out Joe Six Pack, the U.S. Department of Housing and Urban Development, on Sept. 26, allocated more than 300 Neighborhood Stabilization Program grants to state and local jurisdictions totaling $3.92 billion. States receiving the largest allocations include California ($530 million), Florida ($541 million), Michigan ($264 million), Ohio ($258 million) and Texas ($178 million).
State and local governments must submit an action plan by Dec. 1 detailing how they will distribute the Neighborhood Stabilization Program funds, which are supposed to go to high-risk areas with the greatest percentage of subprime loans and foreclosures.
According to a spreadsheet made by researchers at the Local Initiatives Support Corp. (LISC), intended to help local officials assess needs within states that were allocated funds, Columbus may be in line for $22,845,495.
Here are some other numbers for Ohio cities and counties:
| OH | OHIO STATE PROGRAM | $116,859,223 |
| OH | COLUMBUS | $22,845,495 |
| OH | CLEVELAND | $16,143,120 |
| OH | TOLEDO | $12,270,706 |
| OH | CUYAHOGA COUNTY | $11,212,447 |
| OH | AKRON | $8,583,492 |
| OH | CINCINNATI | $8,361,592 |
| OH | HAMILTON COUNTY | $7,970,490 |
| OH | MONTGOMERY COUNTY | $5,988,000 |
| OH | DAYTON | $5,582,902 |
| OH | FRANKLIN COUNTY | $5,439,664 |
| OH | BUTLER COUNTY | $4,213,742 |
| OH | STARK COUNTY | $4,181,673 |
| OH | SUMMIT COUNTY | $3,767,144 |
| OH | $3,678,562 | |
| OH | LAKE COUNTY | $3,402,859 |
| OH | LORAIN | $3,031,480 |
| OH | YOUNGSTOWN | $2,708,206 |
| OH | EUCLID | $2,580,464 |
| OH | ELYRIA | $2,468,215 |
| OH | HAMILTON CITY | $2,385,315 |
| OH | SPRINGFIELD | $2,270,009 |
| OH | MIDDLETOWN | $2,144,379 |
