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Prince William County, Hit Hard by Housing Crisis, To Get $30 Million

by Shilpi Paul

Prince William County, Hit Hard by Housing Crisis, To Get $30 Million: Figure 1

Prince William County, which was hit hard by the housing market collapse in 2008, will be getting $30 million from two major financial institutions and a Virginia housing agency, reported The Washington Post on Monday.

The funds will primarily be used to clean up vacant homes and create 1,500 affordable rentals for displaced residents. The money is coming from Bank of America, General Electric, and the Virginia Housing Development Authority. Five years ago, there were as many as 20,000 homes in foreclosure in the county.

For the full story, check out the Post.

See other articles related to: prince williams county, housing crisis

This article originally published at http://dc.urbanturf.com/articles/blog/communities_in_prince_william_county_impacted_by_housing_crisis_to_get_30/7145

1 Comment

  1. Vanessa said at 8:22 pm on Monday June 3, 2013:
    "Five years ago, there were as many as 20,000 homes in foreclosure in the county." How does this compare to DC? Prince George County? Montgomery County?

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