Delaware gets recovery money to buy and rehab homes

    More than $10 million will help the state buy homes in neighborhoods that have seen high rates of foreclosure and abandonment.

    The Delaware State Housing Authority (DSHA) will get more than $10 million from the American Recovery and Reinvestment Act to buy and rehabilitate homes in some of the state’s struggling communities.

    DSHA Director Anas Ben Addi says this is the second year they’ve received recovery money to buy homes  in neighborhoods hardest hit by foreclosures and abandonment.  “Both rounds of funding are a vital link to supporting Governor Markell’s Foreclosure Plan to help communities recover from the impact of neglected properties.”  Last year, the state got $19.6 million.

    After the homes are bought by the state and refurbished, they’ll be made available for sale or rent at affordable rates.

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