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How to Spend $3.92 Billion: Stabilizing Neighborhoods By Addressing Abandoned and Foreclosed Properties

October 2008

By Allan Mallach, Visiting Scholar at the Federal Reserve Bank of Philadelphia

This report outlines 11 principles that grantees of HUD’s Neighborhood Stabilization Program should use to design programs to maximize the effectiveness of the investment, including comprehensive market analysis, strategic targeting, establishing clear and consistent ground rules, capacity building, and focusing on strategies in addition to acquisition/rehabilitation.

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