Home | Newsletter | Advertise
loading...

P.G, Montgomery County Allot Federal Foreclosure Aid

  • April 5th 2010

by Mark Wellborn

✉️ Want to forward this article? Click here.

P.G, Montgomery County Allot Federal Foreclosure Aid: Figure 1

The Washington Examiner is reporting that both Montgomery and Prince George’s counties have allotted the majority of federal funds that were provided to aid “foreclosure-ridden neighborhoods” at a rate that far outpaces the national average.

Combined, the two counties received a total of $13 million, with Prince George’s County receiving the brunt ($11 million) of the funds. According to the Examiner, P.G. County has earmarked about 80 percent of the funds while Montgomery County has allotted their entire share. DC also received close to $3 million that has largely been used to aid the foreclosure-plagued neighborhood of Ivy City.

The question that many readers, including this writer, still have is: Where and how will this money be spent and will it be enough to make a dent in some of the areas hardest hit by the foreclosure crisis?

In early January, we wrote about a report released by the website Housing Predictor that forecasted that Prince George’s County would be one of the worst performing markets in 2010. Hopefully this funding will help the county avoid this dubious honor.

Similar Posts:

This article originally published at https://dc.urbanturf.com/articles/blog/p.g_montgomery_county_allot_federal_foreclosure_aid/1945.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse