$20,995,000 in Recovery Act Grants to Stabilize Neighborhoods, Rebuild Economies in Nevada

WASHINGTON, DC – January 14, 2010 – (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced that HUD is awarding $20,995,000 in Recovery Act funding to the Housing Authority of the City of Reno in consortium with the City of Reno Credit Counseling Services and Nevada Rural Housing Authority with for-profit partners Reno Reality, Inc. and Charles Schwab Bank under HUD’s Neighborhood Stabilization Program (NSP).