Real Estate - Friday, March 19, 2010 16:24 - 0 Comments

Denver Real Estate Gets Help from the Neighborhood Stabilization Plan

Denver is going to get a boost from the recently announced 29.3 million Neighborhood Stabilization Program funding in 2010.  There are high hopes that this stimulus plan will help the City of Denver’s efforts to combat the foreclosures that have been a problem since the housing bust.  This will not only improve Denver real estate, it will produce thousands of jobs for people involved in construction.

The Neighborhood Stabilization Plan – via the Housing and Economy Act of 2008 – was developed to combat the ills that foreclosed properties can bring upon a neighborhood – lowered home values, abandonment, higher crime and gradually spreading urban blight.  With the funding provided through the Plan, Denver can now buy, renovate or redevelop and resell properties that have been foreclosed upon.
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