What's Hot: Halcyon To Horse Farm: The 3 Most Expensive Properties Sold In The Greater DC Area In 2026
P.G, Montgomery County Allot Federal Foreclosure Aid
✉️ Want to forward this article? Click here.
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:
- The Ins and Outs of the Foreclosure Hunt
- WSJ: New Site Allows Users to Buy Foreclosures With “Click of a Mouse”
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/p.g_montgomery_county_allot_federal_foreclosure_aid/1945.
UrbanTurf Listings showcases the DC metro area's best properties available for sale.
Most Popular... This Week • Last 30 Days • Ever
Cash-out refinancing is a popular financial strategy that allows homeowners to conver... read »
HRP Group is taking its plans for the first three building blocks and two major open ... read »
A dormant stretch of Connecticut Avenue in Chevy Chase may soon see new development.... read »
In this week's Above Asking, we feature a mid-century modern home in Alexandria that ... read »
The project proposed for a limestone mansion and adjacent buildings at the corner of ... read »
- How Does Cash-Out Refinancing Work?
- 2.5 Million Square Feet: One Of The Biggest Projects In The DC Area Advances
- 134-Unit Residential Project Planned for Long-Vacant Chevy Chase Site on Connecticut Avenue
- Above Asking: A Bit Of A Premium In Hollin Hills
- 90-Unit Condo Project Pitched In Mt. Pleasant Gets Key Approval
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro
