Miami Herald (10/10/08)
HUD's Neighborhood Stabilization Program providing state and local governments with a total of $4 billion to buy foreclosed and abandoned properties to curtail blight and bolster homeownership will be launched at an Oct. 16 summit in Orlando. The money will be distributed to areas devastated by the housing crisis, with Florida awarded $541 million. Under the plan, foreclosed homes could be transformed into affordable rentals or for-sale dwellings.
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