Maryland’s Prince George’s County suffers from the highest foreclosure rate in the state. In an effort to avoid future foreclosures, the County Council has proposed a Foreclosure Recovery Fund. Sponsoring Councilman Will Campos estimates a need of at least $10 million, to come through grants and loans. This fund would help to prevent foreclosures as well as move foreclosed properties off the market. The bill awaits a final vote from the council. This effort is just the latest in the county’s focus on economic development and addressing the housing crisis. According to Campos, “…it’s a great start.”
Read full article here: Prince George’s County Moves To Establish Foreclosure Relief Fund
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