Thursday, October 20, 2011

NEIGHBORHOOD STABILIZATION PROGRAM

Last year HUD (housing and urban development) planned a 22million dollar budget to be spent in the city of Detroit. 25% of this budget must be spent to purchase and redevelop abandoned and foreclosed homes. This budget article was published last year October. It would be interesting to see how effective this budget has been used in the city and if it has had an actual effect on the value of the city. 5million dollars seems like a lot, but when thinking about how many abandoned homes must be in Detroit it seems like it would barely be able to scratch the surface.

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