Grant Aims to Bring Home-Price Stability

Summary


LONG BEACH - Long Beach has been awarded a $22 million federal stimulus grant to help stabilize high foreclosure areas.

The grant revenues are also designed to combat declining housing values, promote homeownership and create jobs, said city spokesman Ed Kamlan.

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Extract


Grant Aims to Bring Home-Price Stability

"The city will form a consortium with Habitat for Humanity and establish financing and energy efficient reha...

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