$44 million infusion to 20 counties to mitigate foreclosures!

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

Advertisements

One thought on “$44 million infusion to 20 counties to mitigate foreclosures!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s