Stimulus Includes $2 Billion in Neighborhood Stabilization Fund
We wrote yesterday that housing advocates were concerned that the Senate’s stimulus bill eliminated all funding for a program allowing communities hit hardest
Jul 31, 202045.5K Shares4.1M Views
We wrote yesterdaythat housing advocates were concerned that the Senate’s stimulus bill eliminated all funding for a program allowing communities hit hardest by the housing collapse to buy up foreclosures, thereby preventing neighboring homes from plummeting in value.
Those advocates will be happy to learn that the final compromise bill includes $2 billion for the Neighborhood Stabilization Program. That’s less than the $4.2 billion passed by the House, but surely better than nothing. After all, it was the housing crisis at the root of this recession.
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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