Prince George’s County going after foreclosure funding
From The Examiner, “Columbia, Md.-based Enterprise Community Partners applied for $4 million, which the housing nonprofit hopes to leverage into about $13.5 million through donations, grants and private investments. Enterprise would use that money to provide financing for developers to buy and upgrade foreclosed properties that could then be sold or used as low-income rental housing.”
“Enterprise’s proposal focuses on 10 ZIP codes that the county calls “hot spots” for foreclosures. Two of the areas, Langley Park and Landover, are part of Prince George’s Transforming Neighborhoods Initiative, which addresses housing, education and public safety where violent crime rates are highest. Even without Enterprise’s $13.5 million, however, there are some positive signs. Median home sales prices in the county jumped more than 6 percent last year, from $160,000 in 2011 to $170,000 in 2012, according to Real Estate Business Intelligence.”
If you are having any troubles with your mortgage, I suggest you go to Enterprise Community Partners web site: HERE. Get in an application or pass on the information.
