NENA
has just ended its fourth
round of housing
programs aimed
at improving the housing
stock in Nokomis East.
In our largest-ever group
of programs, NENA has
allocated over $760,000
of Neighborhood Revitalization
Program (NRP) funds to
the program, which includes
low interest loans, deferred
loans, emergency grants
and Part 150 sound insulation
loans. In addition, we
set aside $20,000 to
buy down MHFA interest
rates from 5 to 4 percent,
which makes an additional
$500,000 available to
NENA for home improvements
in our community. A reduced
set of loan programs
will be created when
NENA enters it's second
phase of operationsin
in late 2008.(June
18, 2008)
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