“First Look” Initiative to Stabilize Communities Hit Hard by Foreclosures
Date Posted: 2010-07-15
The FHA “First Look” Initiative’s purpose is to help communities stabilize neighborhoods that have been hit hard by foreclosure. According to an article by Carla Hill in the Realty Times, this initiative gives state and local governments, and non-profit organizations participating in the HUD’s Neighborhood Stabilization Program preference to acquire homes from the Department’s foreclosure inventory. For more information about the program and to view the full article, click here.