Monday, November 17, 2008

News: Affordable Housing Rises Out Of Foreclosure Crisis

Source: NPR Morning Edition

November 17, 2008 · Lancaster, Calif., is a high desert community on the far outskirts of Los Angeles. Officials there are spending millions of dollars to fix up foreclosed properties and make them into affordable housing. The Department of Housing and Urban Development has announced $4 billion worth of grants to local development agencies nationwide to do the same thing. Rob Schmitz of member station KQED talks with Renee Montagne about Lancaster's progress fighting the foreclosure crisis.

Click for story

No comments: