Common Contracts
1 similar null contracts
Alameda County, CaliforniaFebruary 4th, 2010
Alameda County in a consortium agreement with City of Dublin, City of Emeryville, City of Hayward, City of Fremont, City of Livermore, City of Pleasanton, City of Newark, City of San Leandro, and City of Union has been awarded $11,000,000 in NSP2 funds. These funds will be used in targeted areas across 45 census tracts to reverse the effects of foreclosures and declining property values. The consortium will purchase and rehabilitate 28 foreclosed homes to become low income rental housing and will acquire and redevelop 72 demolished or vacant properties. These activities will benefit households whose income is at or below 120percent of area median income, with 25percent of the funds for households at or below 50percent of area median income. These funds, and the leveraging of $10,000,000 in other funds, will help restore the housing market and lead to neighborhood stabilization in the targeted areas.
