FORECLOSURES & NEIGHBORHOOD RECOVERY: Federal Public Policy and Funding

Budget and Appropriations: an overview of FY2010 funding for housing programs and proposed funding for 2011.

Community Development Block Grant (CDBG): a flexible program that provides communities with resources to address development needs.

Homeownership Incentives & Services: designed to encourage homeownership; currently focused on first time homebuyers and preventing foreclosures to stabilize communities and the housing market.

Neighborhood Stabilization Program (NSP): helps stabilize communities with many foreclosures and vacant properties through purchase and redevelopment.