azfamily.com
Posted on October 26, 2009 at 6:43 AM
Updated Monday, Oct 26 at 10:28 AM
PHOENIX -- Because the real-estate market in Phoenix has suffered so much from the crash, the city has nearly $40 million in federal grant money to help put people back in homes.
The Neighborhood Stabilization Program helps families purchase foreclosed homes at a discount and so far, eight families have been able to take advantage of this.
Maria Bears, deputy director for the city's housing department explains how the program works.
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