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NEIGHBORHOOD STABILIZATION DOLLARS HELPING COLUMBUS NEIGHBORHOODS
September 30th, 2010 categories: Columbus News, Real Estate News
This is a highlight of the September 20 Columbu The U.S. Department of Housing and Urban Development has awarded Columbus City Council Meeting.
IMHO, I rarely see or understand where huge amounts of money like this actually make it into our neighborhoods and make real differences. Where does it go? I can’t answer that but if there are new monies with a specific aim to, “create vital, healthy neighborhoods by implementing strategies that build a stronger housing real-estate market in weak-market areas of Columbus,” I’m all for it.
I’d like to follow the money trail from beginning to end and find out how it works through a proper accounting of these new funds…..
The U.S. Department of Housing and Urban Development has awarded Columbus$23.2 million in the Neighborhood Stabilization Program 2 (NSP2).
The funds, included in the American Reinvestment and Recovery Act of 2009, will provide for the acquisition, rehabilitation, redevelopment, or demolition of foreclosed, abandoned and vacant properties. Housing Committee Chair Charleta B. Tavares is sponsoring ordinance 1240-2010 to appropriate $6,882,700.00 in various divisions and object levels of the General Grant Fund to provide funding for approved programs in order to create vital, healthy neighborhoods by implementing strategies that build a stronger housing real-estate market in weak-market areas of Columbus.
The city of Columbus is the Lead Applicant of the NSP2 Consortium which also includes Franklin County, the Affordable Housing Trust of Columbus and Franklin County, Campus Partners, Columbus Housing Partnership, Community Development Collaborative of Greater Columbus, and Habitat for Humanity of Greater Columbus.
