Funds to Target Forclosed Homes
Funds to Target Forclosed Homes Save Email Print
MANASSAS, Va. (AP)
Posted: 10:58 AM Nov 26, 2008
Last Updated: 10:58 AM Nov 26, 2008

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The Prince William Board of County Supervisors has voted to accept federal funds to reduce the number of foreclosed homes in the county.

The county will receive $4 million from the U.S. housing department's Neighborhood Stabilization Fund to facilitate the purchase of about 50 homes in Prince William, Manassas and Manassas Park.

About $2.7 million will provide money for down payments, closing costs or repairs to people who buy the homes. Another $1 million will go to faith-based groups and nonprofit entities looking to buy the properties.

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