The Real Deal Miami

Foreclosed homes becoming affordable housing opportunities in Plantation

January 22, 2010 01:23PM

A foreclosed home in the Broward County city of Plantation is the first in the area to be renovated and put back on the market under a federal program aimed at making low- to moderate-income families homeowners with affordable payments. The four-bedroom, two-bathroom house on Southwest First Street was listed Saturday, after the Broward Alliance for Neighborhood Development, a nonprofit group hired by the city, bought and rehabilitated the property through the Neighborhood Stabilization Program. The federal umbrella program will distribute up to $6 billion nationwide, $541 million of which is designated for Florida; $104 million is available to Broward and Palm Beach counties. [Sun Sentinel]