Carper, Kaufman Announce $5 Million Grant to Stabilize Delaware Neighborhoods Hard Hit by Foreclosure

WASHINGTON, D.C. – September 10, 2010 – (RealEstateRama) — Today, U.S. Senators Tom Carper and Ted Kaufman (both D-Del.) announced $5 million in funding to help reverse the effects of the foreclosure crisis in Delaware. The funding was made possible through the U.S. Housing and Urban Development’s (HUD) Neighborhood Stabilization Program and will provide targeted emergency assistance to state and local governments to acquire, redevelop or demolish foreclosed properties.