The Neighborhood Stabilization Program provided Hampton $2 million and Newport News $700,000 in federal stimulus funds to rehabilitate foreclosed homes. The homes are then resold to people who earn up to 120% of the area median income

David Jones, development administrator for the Newport News Redevelopment and Housing Authority, describes the program: "We get to go into areas where we've invested tons of money over the years and take foreclosures off the street."

Statewide, 58 properties have been purchased with the federal funds, according to the Virginia Department of Housing and Community Development.

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