Reacting to a surge in foreclosures, the city will begin overseeing a program to turn boarded-up houses into renovated homes. Announced in October, the Neighborhood Stabilization Program will subsidize housing rehabilitation through a nonprofit group, which will hold title to the properties until they can be sold to families making roughly $80,000 to $90,000 a year.
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Urban Blight Fight: NYC Gets Emergency Help From Washington
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