President’s Jobs Bill Includes $15 Billion for Rehabilitation of Homes and Commercial Properties - September 9, 2011

According to the Fact Sheet published yesterday by The White House, The American Jobs Act will include $15 billion for rehabilitation of homes and commercial properties:

"The President is proposing to invest $15 billion in a national effort to put construction workers on the job rehabilitating and refurbishing hundreds of thousands of vacant and foreclosed homes and businesses. Building on proven approaches to stabilizing neighborhoods with high concentrations of foreclosures, Project Rebuild will bring in expertise and capital from the private sector, focus on commercial and residential property improvements, and expand innovative property solutions like land banks. This approach will not only create construction jobs but will help reduce blight and crime and stabilize housing prices in areas hardest hit by the housing crisis."

Please click here to read the full fact sheet.