http://www.sun-sentinel.com/news/local/ … 3121.storyGullett will become one of Broward's first recipients of the Neighborhood Stabilization Program, the national housing rescue plan to help cities and states flip foreclosed homes, rent them out, or dole out grants to first-time home buyers. On June 19 she's closing on her first housing purchase, a two-bedroom with hardwood floors in Tamarac.
In Broward and Palm Beach counties, dozens of local governments have been awarded a total of $104 million to turn abandoned, foreclosed properties into occupied, tax-producing dwellings.
Gullett is a single mother of a 1-year-old daughter, Madison. With a salary "in the 20s" as a clerk for the state unemployment office, she meets the program's income guidelines.
The house in the Mainlands neighborhood will cost her $133,000. The city, through a grant, is chipping in $91,300.
Isn't it better to keep people in their homes rather then put new people in homes that they otherwise couldn't afford?