The Real Estate Wonk: Our share of the $3.9 billion - Baltimore Sun reporter Jamie Smith Hopkins blogs about the local housing market

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September 27, 2008

Our share of the $3.9 billion

Included in the housing rescue law passed in July was $3.9 billion for "neighborhood stabilization" -- money intended for buying and rehabbing foreclosures so they can be resold or rented. Yesterday HUD announced how the funds will be divvied up.

Maryland is getting $46.4 million overall -- much to the state government but some directly to three jurisdictions: $4.1 million to Baltimore, $2.6 million to Baltimore County and $10.9 million to Prince George's County. That's a lot less than California, Florida and other large states struggling with well-publicized foreclosure woes, but interestingly, HUD gave Maryland the same "abandonment risk" rating as Florida. (Both were judged to have "medium" risk of foreclosed homes remaining vacant, with no one interested in buying.)

You can read more in today's story about the HUD anti-blight funds. Or go directly to HUD's data.

Posted by Jamie Smith Hopkins at 10:57 AM | Permalink | Comments (1)

Comments

4 mio? Haha, that's not the sum that would get some realtors out the bed in better days.

Posted by: january1954 | September 27, 2008 8:43 PM

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About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
• Baltimore Sun articles by Jamie

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