Tucked into the economic stimulus package $2 billion to expand a nascent and controversial program to help cities and states buy and fix up foreclosed homes.

Last month, the Department of Housing and Urban Development signed off on hundreds of grants to all 50 states totaling almost $4 billion. The Neighborhood Stabilization Program, as it’s known.
Aaron said Columbus has rebuffed his group’s attempts to talk about the best ways to use money, which has already been awarded to the state.

“We need to be involved in the process,” said Aaron, who is pressing for an oversight board comprised of city officials and residents.

In many cases, government officials plan to dole out the money to nonprofit organizations and smaller government entities that will purchase homes.

Critics and local housing officials are shaking their heads over the carte blanche grantees have in how they spend the federal funds. One South Carolina county said it would consider proposals to put homeless or HIV/AIDS patients in foreclosed homes eligible for the grant, while officials in Florida’s Miami-Dade County said they plan to snap up foreclosed apartments with grant money despite staunch public comment against it.
Many of the proposals called for renting out the homes to low- to moderate- income families. Read More

Sounds like socialist spending to this country boy! Our hard earned tax money going in a round about way to the lazy couch potatoes! Welfare at its worst and being totally regulated by Obama in the White House with the States has very little input of how or where to spend the money! I will keep trying to wake up the American people in hopes that they will let their voices be heard in the ears of Obama and the democrat control Congress!

Government will own everything soon! Socialist?

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One comment on “Tucked into the economic stimulus package $2 billion to expand a nascent and controversial program to help cities and states buy and fix up foreclosed homes.

  1. Watch for the houses now being occupied by ACORN squatters to be purchased by localities, using federal tax dollars, and handed over. This is sort of fascinating, in a creepy way. ACORN, an essentially criminal organization, is becoming a very important partner in the Obama’s New Way.

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