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Oregon to Receive $19.6 Million to Stabilize Neighborhoods
House Foreclosure Picture
The Neighborhood Stabilization Program, a component of the Housing and Recovery Act of 2008, was passed in late July by Congress to provide emergency assistance to communities for acquisition and redevelopment of foreclosed properties that might be abandoned and cause neighborhood blight. More specifically, the funding is to purchase and rehabilitate, resell or redevelop foreclosed or abandoned homes and residential properties in order to stabilize neighborhoods and stem the decline of home values.
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June 27, 2009 Proclamation as the 75th Anniversary of the FHA
Proclamation of the 75th Anniversary of the Federal Housing Administration
Seventy-five years ago, Congress and President Franklin D. Roosevelt created the Federal Housing Administration, revolutionizing housing industry standards and consumer protection, and setting the stage for homeownership through affordable housing.

In 2008 alone, more the 18,000 Oregon families chose FHA financing, representing a financial commitment of more than $3.2 billion.

Therefore, the Oregon State Housing Council and Oregon Housing and Community Services hereby recognizes and honors these noted accomplishments by proclaiming June 27, 2009, as the 75th Anniversary of the FHA.
About the State Housing Council
The State Housing Council consists of seven members appointed by the Governor, subject to confirmation by the Senate under ORS 171.562 and 171.565. The term of office of each member is four years, but a member serves at the pleasure of the Governor. Before the expiration of the term of a member, the Governor shall appoint a successor whose term begins on July 1 next following. A member is eligible for reappointment. If there is a vacancy for any cause, the Governor shall make an appointment to be immediately effective for the unexpired term.
 

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