Rehab-Resale Program Increases Minneapolis Home Values
The benefits of the Neighborhood Stabilization Program are evident in this story about hard-hit neighborhoods that are now seeing market values rise as a result of the federal funding support. The NSP program, which funds purchase, rehabilitation and resale of foreclosed properties, is helping to increase home values and stabilize markets that are struggling to recover from the foreclosure crisis. The benefits for banks, neighbors and other entities in the area are outlined in the article. Read the full article.
SOURCE: Finance and Commerce, 5/3/11