The South Carolina State Housing Finance and Development Authority (SCSHA) announced the $44,673,692 infusion to South Carolina via the U.S. Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP) to help 20 counties with the highest foreclosure rates and targeted areas with high levels of subprime mortgages, mortgage defaults and delinquencies.
Greenville County received $2,262,856 and Richland County received $2,221,859 in separate allocations.
To review the HUD interactive map online, click here. According to the SCSHA, the NSP received allocations over $2 billion via the American Recovery and Reinvestment Act.
Thanks to the Columbia Regional Business Report for tipping SC Access to Justice about the story.
-RFW
[...] $44 million infusion to 20 counties to mitigate foreclosures! [...]