Neighborhood Stabilization in South Los Angeles

The economy has caused many homes to become foreclosed or abandoned. As abandoned homes slide into disrepair, they make neighborhoods look less welcoming and decrease the value of the houses around them. It's become clear that the cycle of falling home prices needs to stop. 

As a result, the City of Los Angeles' Neighborhood Stabilization
 Program (NSP) is being implemented to reduce the number of vacant
 properties and stabilize home values in the Los Angeles area. With
 grants from the U.S. Department of Housing and Urban Development
 (HUD), the Los Angeles Housing Department is rehabilitating abandoned
 or foreclosed homes in order to stabilize neighborhoods.

Category:

News & Politics

Tags:

• NSP
• HUD
• Los
• Angeles
• Housing
• Department
• Mayor
• Antonio
• Villaraigosa
• President
• Obama
• ARRA