Neighborhood stabilization funds axed from stimulus bill

Posted by David N. Bass at 08:18 AM

Looks like “neighborhood stabilization” funds were axed from the economic stimulus bill prior to its approval by the U.S. Senate yesterday.

The stimulus package passed by the House in late January included $4.19 billion for Housing and Urban Development’s Neighborhood Stabilization Program. Some of the funds would be up for grabs by nonprofits – and, naturally, conservatives are concerned that groups like ACORN, renowned for voter fraud during the ’08 election, could get their hands on the money.

It remains to be seen whether the final compromise version between the House and Senate will include the funding or not.

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