Summary
The Housing and Economic Recovery Act of 2008 (HERA) has allocated about $43 million in NSP funds to Mississippi to help people buy foreclosed and abandoned homes to help stabilize neighborhoods impacted by the home foreclosure crisis. According to the Mississippi Development Authority (MDA), this program targets low, moderate and middle-income homebuyers and offers tangible assistance to help communities rebound from escalating foreclosures.
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Extract
Putting Families Back in Homes
There can be a snowball effect when a large number of foreclosures hit a neighborhood. Who wants to buy a home when prices are declining and many homes in the neighborhood are vacant with unkempt yards because of foreclosures?
But, now there is an opportunity to turn things around with fe...See the full content of this document
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