Gwinnett accepts HUD Neighborhood Stabilization grant
Gwinnett County Commissioners on Tuesday renewed its federally-funded Neighborhood Stabilization Program, which provides money to buy, rehabilitate and sell foreclosed single-family homes in distressed neighborhoods.
The program, now in its fifth year, has spent $23.8 million in rehabilitating of more than 100 homes and 92 townhomes — or about $124,000 per residence.
This year’s renewal is $500,000, which is provided by the U.S. Department of Housing and Urban Development. The program is expected to be closed out next year. “We’re ramping down,” county spokesman Joe Sorenson said.
About the Author
Dan Klepal is editor of the local government team, supervising nine reporters covering county and municipal governments and metro Atlanta. Klepal came to the AJC in 2012, after a long career covering city halls in Cincinnati and Louisville, Ky. He has covered Gwinnett and Cobb counties before spending three years on the investigative team.
