Tuesday, November 10, 2009

L.V. housing program hasn't led to purchases | NevadaAppeal.com

L.V. housing program hasn't led to purchases | NevadaAppeal.com: "LAS VEGAS (AP) — An 8-month-old program aimed at stabilizing Las Vegas Valley neighborhoods by allowing local governments to buy, renovate and then sell homes to low-income families hasn't resulted in any families moving into homes yet.

The U.S. Housing and Urban Development Department gave Las Vegas Valley municipalities $64.3 million this year to buy homes. The Las Vegas Sun reported Sunday that only five homes been purchased by local governments."

Awesome stimulus, dude.

1 comment:

Muni gubmint said...

We don't buy homes...we double tax them with CID/HOA mandates.