Tuesday, January 19, 2010
Certain cheap homes are available in Alexandria, a city near the Red river in Louisiana to lower income residents. A non profit agency named as AURA (Alexandria Urban Renewal Association) will work with city office of Community Development to rejuvenate neighborhoods and help lower income families own homes. In Alexandria, Neighborhood Stabilization Program (NSP) uses bulk of its funding for building affordable apartments and single family homes. Alexandria has received a total of $3.9 million in NSP funds. The city has planned to spend $1.25 million for converting the Dominique Miller barn into 56 apartments, $1.65 for building 33 affordable houses and $ 1 million for acquiring distressed properties for its land bank program.



0 Comments:
Post a Comment
<< Real Estate Investment