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15 October. 2008 MCKENNA PROVIDING ASSISTANCE WITH HUD's NEIGHBORHOOD STABILIZATION PROGRAM Recently HUD announced emergency assistance to stabilize neighborhoods and stem the decline of housing values in the wake of the nation’s foreclosure crisis. Authorized under Title III of the Housing and Economic Recovery Act of 2008, the Neighborhood Stabilization Program provides funds for communities to undertake a number of redevelopment activities on foreclosed properties that might otherwise become sources of blight and abandonment. This emergency assistance provides great opportunity for eligible communities. But to take advantage of this funding, communities must submit approved plans to HUD no later than December 1, 2008. McKenna Associates can assist communities in developing and winning local approval for plans within HUD’s tight deadline. Our team is experienced in crafting programs that meet HUD criteria, securing HUD funding and administering federal programs at the local level. Our professionals can help ensure your community receives maximum benefit from the Neighborhood Stabilization Program to improve quality of life and economic stability for future generations. McKenna planners and program administrators can help ensure your plan • Addresses specific needs of your community • Wins broad-based support • Meets HUD’s requirements and deadlines • Is geared toward successful and immediate implementation. To learn more about McKenna’s ability to assist with the Neighborhood Stabilization Program, call Phillip McKenna or John Jackson at 248.596.0920 or email pmckenna@mcka.com or jjackson@mcka.com. |
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