Ever wondered how much of the recently designated federal stimulus funds are going toward your local area? In New Mexico, residents don’t need to wonder anymore. In January, the U.S. Department of Housing and Urban Development confirmed that $2,994,932 in Recovery Act funding would be granted to the state for its Neighborhood Stabilization Program (NSP). What can be expected to be gained from this?
For one, it means that for new home communities affected by the housing downturn, more restoration will take place; yards will be maintained, interiors will be renovated, and unsightly blight will be removed. It may mean that in Albuquerque, homes for sale will gradually begin to feature more and more "SOLD" signs out front!
So go ahead: Start exploring the new homes in Albuquerque and its surrounding areas. There’s no shortage of communities to choose from; but if you need a starting point, you may wish to check out these popular neighborhoods:
Not looking to buy in the Land of Enchantment? Don’t worry: A number of states are in the process of receiving similar funding; so, there’s a good chance that your state will be putting efforts toward recovering neighborhoods as well. In the meantime, be sure to stay informed on the latest developments in stimulus funding for state housing markets. You’ll want to be among the first to take advantage of your community’s recovery efforts, like those who will benefit from the beautifully renovated new homes in New Mexico.