OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: NSP Funds in LA City and County

Issue Position

Date: Jan. 1, 2012
Issues: Housing and Property

California has been among the states that have suffered most from the foreclosure crisis and the decline in the housing market.

As the Chairwoman of the Subcommittee on Housing and Community Opportunity, I wrote the legislation that created the Neighborhood Stabilization Program (NSP), and I have continued to advocate for NSP funding for communities throughout the U.S. to recover from foreclosures and neighborhood decline.

NSP funds are very important to neighborhoods in the 35th District and the surrounding area.

Most recently, in September, Los Angeles received $20 million in NSP funding as grants of almost $10 million were awarded to both the City and County of Los Angeles to be used for buying, fixing up and reselling foreclosed homes in hard-hit neighborhoods.

Under previous rounds of funding, the City and County of Los Angeles received a combined $210 million, and the State of California received $145 million.

I am proud to have helped many families and neighborhoods in Southern California who are benefiting from NSP, and I will continue to be a strong advocate for homeowners, prospective homebuyers and on all housing issues.


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