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Council discusses Neighborhood Stabilization Program grant funding
Summary
Council reviewed Ordinance 26-112 to appropriate program income to Neighborhood Stabilization Program 3, with council highlighting the program's history addressing foreclosures and supporting renovations and first-time homebuyers in New Castle County.
Councilman Hollins presented Ordinance 26-112 to amend the grants budget and appropriate program income to Neighborhood Stabilization Program 3, administered by the Department of Community Services, Division of Community Development and Housing.
Hollins recounted the program's roots in addressing foreclosure crises and said New Castle County has been able to continue using proceeds to support neighborhood renovations and create opportunities for first-time homebuyers. "It allows us to take the proceeds to go and fund to continue the program to continue on with what we're doing," Hollins said, urging the council to review the program's ongoing impact.
No online public comment was recorded and the committee moved forward consistent with the grants process.
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