November 4, 2009

Stimulus Funds Make Home Ownership a Reality for Arlington Family
Ribbon Cutting is 10 a.m. Thursday, Nov. 5

Who: City of Arlington

What: Ribbon Cutting Ceremony

When: 10 a.m. Thursday, Nov. 5

Where: 807 Bracken Place, Arlington 76017

Why: To celebrate the success of a federally funded program that is making it possible for eligible families to purchase foreclosed homes in Arlington. The Nguyen family is the first in Arlington to purchase a home through the Neighborhood Stabilization Program. The family of four had been house hunting for about four months and living with family when they heard about the program.

Great Video and Photo opportunities - Thursday’s ribbon cutting ceremony will occur at the Nguyen family home and include Mayor Robert Cluck, Arlington City Council members, staff from the U.S. Department of Housing and Urban Development and Arlington Housing Authority. Additionally, the following officials have been invited to participate: Congressman Joe Barton, Senator John Cornyn and Senator Kay Bailey Hutchison.

About the NSP Program

The U.S. Department of Housing and Urban Development earmarked $2 million in NSP funding for the City of Arlington. The funds are being used to acquire and rehabilitate foreclosed or abandoned homes in approved target areas. According to Community Services Assistant Director David Zappasodi, the NSP program will help to stabilize and improve Arlington neighborhoods in areas where foreclosure rates are highest. Thirteen more applications are in the approval process. To learn more about the program, visit www.arlingtontx.gov/housing/neighborhoodstabilization.html or call the Arlington Housing Authority at 817-276-6701.

Follow the dollars to Arlington as part of the American Recovery and Reinvestment Act of 2009. Visit www.arlingtontx.gov/recovery to track federal stimulus funding.