WHO:
- Mayor Michael A. Nutter
- HUD Deputy Regional Director Brenda Laroche
WHAT:
Mayor Nutter will visit the first vacant or foreclosed home rehabilitated with Federal Stimulus dollars. The City of Philadelphia received almost $20 million from the Neighborhood Stimulus Program (NSP,) via the US Department of Housing and Urban Development, which is administered by the Redevelopment Authority. Philadelphia’s NSP focuses on reviving houses in select neighborhoods throughout the City.
The neighborhoods targeted by the NSP were identified by the City’s Office of Housing and Community Development based on historic foreclosure data, indications of predatory lending, and the impact of vacant foreclosed homes on the value of residences in the surrounding neighborhoods. Eligible homebuyers cannot have an income exceeding 120% of the area median income – $65,400 for a single person and $93,360 for a household of four.
WHERE:
3333 Wellington St – NOTE THIS EVENT WILL TAKE PLACE INSIDE THE PROPERTY DUE TO THE WEATHER
WHEN:
Tuesday, December 22, 2009 3:30 pm
