Leggett, Federal and State Housing Officials Highlight Acquisition and Rehabilitation of Vacant Foreclosed Homes; Funding Enables Housing Opportunities Commission to Provide Properties for Affordable Rentals

June 3, 2010 – (RealEstateRama) — County Executive Isiah Leggett today joined County Council President Nancy Floreen, Maryland Department of Housing and Community Development Deputy Secretary Clarence Snuggs, and federal and local housing officials to tour a formerly vacant foreclosed property that is now available for rental through the Housing Opportunities Commission. The acquisition and renovation of this house, as well as 15 others in Germantown and Wheaton, is part of a $7.1 million effort made possible by funding from the U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program, the Maryland Department of Housing and Community Development’s Neighborhood Conservation Initiative and a HUD Community Development Block Grant