Housing experts collaborate on $31 million grant for Nashville neighborhoods
By Elizabeth Older
January 19, 2010
Vanderbilt housing experts think struggling Nashville neighborhoods will get some relief from nearly $31 million in Recovery Act funding awarded to the Metropolitan Development and Housing Agency by the U.S. Department of Housing and Urban Development.
“This award is a wonderful opportunity for Nashville and a credit to the reputation of MDHA,” Susan Saegert, professor of Human and Organizational Development and director of the Vanderbilt Center for Community Studies, said. The Center for Community Studies assisted with the grant proposal through research and data analysis.
The grant – the only one given in Tennessee – will support efforts to stabilize weakened neighborhoods through purchasing and rehabilitating foreclosed and abandoned properties, redeveloping vacant properties as housing and establishing a financing mechanism for low- to middle-income homebuyers of foreclosed properties.
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