Housing & Urban Development Director Shaun Donovan last week traveled to Columbus, Ohio to help popularize the Project Rebuild initiative that has been proposed as part of President Obama’s American Jobs Act. Project Rebuild would invest $15 billion in proven strategies that leverage private capital and expertise to rehabilitate hundreds of thousands of properties in communities across the country. Building on the successful ideas developed during the implementation of the Neighborhood Stabilization Project (NSP), Project Rebuild would include the following innovative ideas:

  • Allow for the revitalization of commercial properties;
  • Include For-Profit Entities to Gain Expertise, Leverage Federal Dollars and Speed Program Implementation;
  • Increase Support for “Land Banking”;
  • Create Jobs Maintaining Properties and Avoiding Community Blight.

To read the full press release, click here.