How is the money to be spent?
- Buying foreclosed homes
- Buying land and property
- Demolishing or rehabilitating abandoned properties
- Offering downpayment and closing cost assistance to low- to moderate-income homebuyers
- Creating "land banks" to assemble, temporarily manage, and dispose of vacant land for the purpose of stabilizing neighborhoods and encouraging re-use or redevelopment of property
Local cities and counties receiving money are:
- Deltona $6.6 million
- Kissimmee $2.3 million
- Orange County $27.9 million
- Orlando $6.7 million
- Seminole County $7.0 million
- Volusia county $5.2 million
Related Florida real estate views:
