The Real Deal Miami

Delray seeks federal money

April 22, 2009 10:04AM

Delray Beach wants a $1.9 million state grant to help support the Neighborhood Stabilization Program. The city would use the money to buy bank-owned foreclosed homes. It would then repair, renovate and resell the properties, said Elizabeth Alpert, the city’s neighborhood services administrator. Buyers would need to meet low-income criteria, and an initial phase would comprise about eight houses, she said.