NEW CASTLE, Del. (AP) - New Castle County has been awarded $1.45 million in federal funds to help neighborhoods hit hard by foreclosures.
The county council will vote on Sept. 18 whether to accept the funds from the U.S. Department of Housing and Urban Development.
The money would be used to buy, rehabilitate and resell up to 10 foreclosed or vacant properties in New Castle, Bear, Glasgow and Newark. It will also provide loans to help buyers of vacant homes with down payments and settlement costs.
The county has received more than $13 million in Neighborhood Stabilization Program funding since 2009 and has rehabilitated 63 homes.
