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Neighborhood Conservation Initiative

This program aims to address foreclosures in Cumberland by providing affordable housing opportunities, counseling, property rehabilitation, and infrastructure development. Local partners include the City of Cumberland and Allegany County. Funding of over $16.9 million is available statewide, with targeted areas such as Rolling Mill, Chapel Hill, Baltimore Ave, Goethe Street, and Decatur Street. Assistance includes new affordable homeownership and lease-to-own options. Join efforts for neighborhood preservation. Final application due January 15, 2009.

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Neighborhood Conservation Initiative

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  1. Neighborhood Conservation Initiative Final Application Due January 15, 2009

  2. Application Details • Program has been funded to State of Maryland by federal government in response to foreclosures • Over $16.9 million available statewide to governments and public housing authorities • Local Application Partners • City of Cumberland • Allegany County • HRDC

  3. Allegany County Foreclosures • Heaviest rates of foreclosure include: • Neighborhoods surrounding the central core of Cumberland • LaVale • Westernport • Frostburg (to a lesser extent) Source: MD Department of Housing and Community Development

  4. Targeted Cumberland Neighborhoods • Boundaries Include: • Rolling Mill • Chapel Hill • Baltimore Ave • Goethe Street • Decatur Street

  5. Project List • Provide 3 new affordable homeownership opportunities for families with up to 120% area median income • Create 5 new affordable lease to own opportunities for households at 50% of area median income • Provide pre-purchase housing counseling for homeownership and lease-to-own programs • Acquisition, rehabilitation or blight removal, and reuse of foreclosed and/or abandoned properties • Community infrastructure – HRDC parking –VA Ave • Westernport Targeted Site Redevelopment • Total request = $550,000.00 (Cumberland) $50,000 (County)

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