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HUD Launches Affordable Housing Campaign

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
18 January 2001 - 10:00am

Hundreds of homes in New York City targeted byunscrupulous lenders and not-for-profits will be rehabilitated by HUD and sold to reputable community-based, not-for-profits and moderate-incomehomebuyers.

Hundreds of homes in New York City that have been targeted byunscrupulous lenders and not-for-profits will be rehabilitated by the U.S. Department of Housing andUrban Development and sold to reputable community-based, not-for-profits and moderate-incomehomebuyers under an agreement announced by HUD Secretary Andrew Cuomo.The agreement announced today is between HUD and a consortium of not-for-profit organizations inHarlem and Brooklyn that, with HUD financial assistance, will rehabilitate and then re-sell or rent theproperties at affordable prices.

Full Story: HUD No. 012
Source: HUD News, January 17, 2001
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