Habitat for Humanity Partners With Montgomery County Maryland
November 7th, 2008 categories: Movin Community Help, Movin Consumers, Movin Real Estate News
The Montgomery County Maryland Branch of Habitat for Humanity has had a Memorandum signed by County Executive, Isiah Leggett to purchase foreclosed properties in the County. The plan is to purchase up to 10 homes in the county and refurbish the homes for Habitat families.
Leggett has increased the Housing Initiative Fund from $20 million a few years ago to $53 million dollars in the current fiscal budget.
The county will budget up to $350,000 per property to be purchased and refurbished. The benefit is two fold; The first benefit is to clean up vacant properties in County neighborhoods. The second is to help families find affordable home ownership in Montgomery County Maryland.
Click here to read the official press release from Montgomery County, Maryland.
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