First Foreclosed Home Renovated By HUD Sold
State and federal housing officials Wednesday unveiled the first previously-foreclosed home renovated with federal stimulus funds.The stimulus money came through the Department of Housing and Urban Development's Neighborhood Stabilization program. Mayor Greg Fischer says the house is one of several abandoned or foreclosed homes in the city to receive a makeover using federal dollars."Louisville has received a little bit over ten million dollars of Neighborhood Stabilization Program funding and we’ve partnered with a handful of non-profit developers in several neighborhoods. Such as this one here in Newburg, also in Portland, Shawnee, Smoketown, Shelby Park and a few others," he says.Fischer says more than 50 additional properties are also being rehabilitated.The house is also the first in the HUD program to be sold in Louisville. Stephanie Miller, a single mother of three, is the new owner."I’m glad to be a part of the NSP program it was perfect timing for me," she says. "I’ve been working on this for a long time, but I was glad to see that there and made available to me and my family to get this going. I always lived in this area so it wasn’t hard for me to decide to pick a home here."Miller says she and her family will be moving in within a week or so.