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The U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP) was established to stabilize communities that suffer from foreclosures and abandonment. Under the program, HUD has distributed nearly $4 billion to state and local housing authorities for the purchase and redevelopment of foreclosed and abandoned homes.
Fannie Mae supports the Neighborhood Stabilization Program and is working with public entities and nonprofits to match their interests with Fannie Mae’s REO inventory.
Call your experts at Prime Real Estate to learn more about how this can help you make smart investments today. 404-685-3774 or visit www.atlprime.com and click ’search foreclosures’ for the best deals in the city.