Upcoming Land Bank Home Showcase includes attractive and affordable NSP homes
Tuesday, April 12, 2011
Upcoming Land Bank Home Showcase includes attractive and affordable NSP homes
4/12/2011
Michigan Association of Realtors
In September, 2008, the Department of Housing and Urban Development formed the Neighborhood Stabilization Program to distribute billions in grant relief to areas suffering from high foreclosure rates. Subsequently, NAR partnered with the NSP and REALTOR associations across the country to enable REALTORS to play active roles in foreclosure recovery efforts in their communities.
Early this year, this partnership enabled homebuyers in several southeast Michigan communities to purchase beautifully renovated homes with down payment assistance and, in many cases, affordable mortgage options. This weekend, April 14 – 16, twenty (2) fully renovated Lansing homes will be featured in the Ingham County Land Bank Spring Showcase 2011. REALTOR members of the Greater Lansing Association of REALTORS will be on hand during the Showcase with information for prospective buyers.
The state of Michigan was the top receiver of NSP2 grants, at $223.8 million. MAR continues to work with community leaders and REALTORS across Michigan to assist with implementation efforts as these funds are spent toward stabilizing targeted communities.
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