Home | Newsletter | Advertise
loading...

Project Rebuild: Obama's $15B Foreclosure Plan

  • September 13th 2011

by UrbanTurf Staff

Project Rebuild: Obama's $15B Foreclosure Plan: Figure 1

Tucked away in the $447 billion job creation plan that President Obama unveiled late last week are billions of dollars set aside to rehab foreclosed homes and businesses.

Specifically, the bill calls for a $15 billion fund that would be used to hire construction workers to bring the distressed properties back up to snuff. The aim is two-fold: provide jobs to those in the construction industry (who need them) and enhance the value of properties surrounding the foreclosures by making the distressed properties livable again. Details of the program, called Project Rebuild, are few, other than that the funds would also be used to rehab commercial foreclosures.

If the bill is passed with this program intact, it could be used in conjunction with the administration’s plan to rent out foreclosures around the country.

See other articles related to: hud, obama, project rebuild

This article originally published at https://dc.urbanturf.com/articles/blog/project_rebuild_obamas_15b_foreclosure_plan/4139.

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