ICF has won part of $26.2 million in funding, along with Enterprise Community Partners and the National Council for Community Development. The funds are a portion of $50 million in new funding for the HUD’s Neighborhood Stabilization Program, designed to help state and local governments address swelling inventories of foreclosed properties. Uses of funds include the creation of “land banks” for vacant properties and offering down-payment and closing-cost aid to low- and moderate-income buyers.  Local grants will be distributed in increments of $500, 000 and $750, 000 to groups in 10 states.HUD Secretary Shaun Donovan said that the agency will also “dispatch experts into these communities to help them better manage their neighborhood stabilization programs so that small problems don’t become big ones.”
