Hillsborough County Receives HUD Approval For Neighborhood Stabilization

Hillsborough County’s Affordable Housing Office can move forward with their plan to spend the $19 million Neighborhood Stabilization grant it received from the U.S. Housing and Urban Development (HUD). On Dec. 29, HUD Secretary Steve Preston approved Hillsborough County’s plan to recover from the effects of high foreclosures and declining home values.

“The Affordable Housing Department team worked diligently to complete and submit a strategic Neighborhood Stabilization Program plan to HUD that provides affordable housing opportunities for low and moderate income families, as well as sustaining neighborhoods,” said Valmarie Turner, director of Hillsborough County’s Affordable Housing Office. “Through a number of viable partnerships, our primary focus will be to acquire foreclosed or abandoned properties in the targeted areas and place eligible families into affordable housing units.”

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