Grijalva Congratulates Ariz. On $45 Million in Mortgage Grants, Calls for Right-to-Rent Suppor

Tucson, AZ – September 9, 2010 – (RealEstateRama) — Arizona received approximately $45.4 million yesterday from the Department of Housing and Urban Development’s Neighborhood Stabilization Program (NSP), which the state can use to purchase foreclosed homes at a discount and rehabilitate or redevelop them. The money was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act