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  3. Neighborhood Stabilization Program Alive and Well in Florida

Neighborhood Stabilization Program Alive and Well in Florida

Posted on Aug 18, 2010

Thanks to funds received from the Government formed Neighborhood Stabilization Program, 22 homes have been purchased in Broward and Palm Beach Counties in Florida by the Habitat for Humanity as well as other non-profit contractors in an effort to rehabilitate and re-sell these foreclosures.

 
Habitat for Humanity uses volunteers to reduce the rehabilitation costs and after the remodeling process is complete.  Potential homeowners that are in the program waiting for placement will be able to move in right away. 
 
The idea behind the program is to put mid-income families in homes and put the foreclosures back into play.
 
According to Christi Rice, a spokeswoman for the Habitat for Humanity in Broward County, "“Our goal is to turn it into a safe, affordable home for one of our families, while at the same time helping to improve the entire surrounding neighborhood.”

 

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