The Real Deal Miami

Stimulus starts purchase activity

May 26, 2009 12:16PM

Broward County now has the first signs of success in the Neighborhood Stabilization Program, a federal housing rescue plan that readies foreclosed homes for sale and gives out grants to help buyers buy their first houses. In Broward and Palm Beach counties, $104 million in federal money has been doled out to local government to administer the program. In Tamarac, the city had to stop accepting applications after the first 80 were processed.