The Obama federal

The Obama federal - Federal Stimulus Grant The Obama...

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Federal Stimulus Grant The Obama federal- stimulus program bill helps families buy homes for the first time through a program that helps them from foreclosure. They put 3.9 billion into the federal grant program and they sold their first home in Orlando. In 2008 in 2008, the city received $6.7 million in federal money to buy abandoned and foreclosed homes in areas particularly hard-hit by the foreclosure crisis. Under the Neighborhood Stabilization Program, Orlando and other cities across the country buy foreclosed homes, renovate them and then either resell or rent them. On Tuesday, Mrs. Fisher put a human face on the funding program passed by Congress in 2008. The 30-year-old mother of three is buying the first of 16 houses the city has renovated. "This has made homeownership finally a reality," said Fisher, an office employee in the city's transportation engineering department. Using the federal money, the city bought the 1,558-square-foot, three-bedroom home in east Orlando for $125,000 and spent about $23,000 on a new roof, paint, flooring and other upgrades.
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The Obama federal - Federal Stimulus Grant The Obama...

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