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HUD AND NATIONAL COMMUNITY STABILIZATION TRUST ANNOUNCE $4 MILLION TO PROVIDE PERMANENT HOMES TO...

MOBILE, AL - November 16, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development and the National Community Stabilization Trust today announced they will invest more than $4 million to provide permanent homes to 37 Alabama families who were displaced from Hurricane Katrina in 2005. The program is part of a broader effort by HUD, with the Stabilization Trust, to offer financing to acquire and rehabilitate 500 HUD homes in 11 states valued at $40 million.