HUD TO HOST THREE REGIONAL HOUSING SUMMITS
Federal, State and local leaders to map foreclosure response in L.A., Columbus, Ohio, and Orlando

WASHINGTON - The U.S. Department of Housing and Urban Development will host three regional housing summits across the country to help launch HUD's new Neighborhood Stabilization Program (NSP). HUD is inviting key State, city and county leaders to address the country's urgent and long-term housing issues including how to deal with abandoned foreclosed properties within their communities.

NSP provides nearly $4 billion in targeted emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. HUD plans summits in Los Angeles (October 10th); Columbus, Ohio (October 14th); and Orlando, Florida (October 16). These Regional Housing Summits have several goals:

1. To present details of HUD's current and developing policies and programs, including HUD's new Neighborhood Stabilization Program;
2. To share successful Federal, State and local policies and programs that are preventing foreclosures and reducing the effects of property abandonment and declining home values;
3. To cultivate public-private partnerships; and
4. To offer an open forum for discussion of best practices.

For more information, visit: HUD's website or contact HUD Public Affairs at (202) 708 - 0685.