In case you missed it, the economic “stimulus” bill passed by the U.S. House last week would devote another $4.1 billion to Housing and Urban Development’s Neighborhood Stabilization Program. Local governments, nonprofits, and finance/community development agencies are already vying for $4 billion in NSP funds allocated by Congress in July. Soon, they could have even more money to play with.
As described by HUD, the NSP is designed to “provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.” One of the nonprofits in on the deal is ACORN, a group notorious for its election fraud during the ’08 cycle.
North Carolina got $52 million in grants under the program. The application deadline for the grants is tomorrow, and the N.C. Department of Commerce will decide in mid-February which local governments, groups, or agencies will get the funds.
More evidence that the “stimulus” plan is a kickback for liberal causes.
