$100 Million Applied for from HUD

The Ferchill Group & The National Trust for Historic Preservation is submitting an application (NSP Application No. 479203576) to the U.S. Department of Housing and Urban Development (HUD) for $100 million to be used for the acquisition, financing, and rehabilitation of 1048 abandoned and/or foreclosed units of affordable housing. The National Trust intends to create the National Trust Neighborhood Stabilization Consortium, a partnership of preservation and community development organization, developers, and financial institutions joining forces to stabilize and redevelop historic neighborhoods and properties impacted by the foreclosure and housing crisis.