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Denver awarded $29.3 million to boost foreclosure recovery

Federal stimulus funds to expand efforts underway to acquire, redevelop and resell foreclosed properties through Neighborhood Stabilization Program

The U.S. Department of Housing and Urban Development today announced $29.3 million in Neighborhood Stabilization Program (NSP) funding to benefit Denver. The Denver Office of Economic Development will receive $18,994,444 and Chicanos Por La Causa, Inc. will receive $10,263,440 to address residential foreclosure and to spur the revitalization of Denver neighborhoods heavily impacted by foreclosure. Read More...

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