Although some states receiving Neighborhood Stabilization Program (NSP) dollars funneled the grant money directly to its cities to manage, Kentucky has awarded the dollars directly to the non-profits, instead.
Earlier this year, Governor Steve Beshear announced the awarding of NSP dollars to two Lexington nonprofit organizations. Hope Center and Community Ventures Corporation (CVC) will help subsidize creative alternatives for foreclosed and abandoned property. The awarded amounts are $1.72 million and $2.75 million, respectively.
Governor Beshear stated that the intent is to transform [...]
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