There are thousands of foreclosed homes in Fresno right now.

January 24, 2009 12:00:00 AM PST
Realtytrac ranks Fresno as the city with the 12th highest foreclosure rate in the country, with more than four percent of all homes in foreclosure.Last year, Fresno County received about $17 million dollars in federal grants to help buy up foreclosed homes. But, more is needed. Which is why the city hopes a lobbyist firm will help jump start some extra funding.

Walk through virtually any neighborhood in Fresno, and you'll find signs like this. Right now, there are nearly 6,000 bank owned homes in Fresno.

A good reason why the city of Fresno is paying a lobbyist firm nearly $15,000 dollars to secure federal funds. In a lobbying report filed on January 16th, the city, who has used lobbyists for years, specifically designated the Washington, D.C. based company to lobby housing and foreclosure assistance.

Fresno mayor, Ashley Swearengin said the idea is to have more money go directly to the city, not the state.

Randall Guerra, Executive Director of the Community Housing Council applauds the city's pro-active approach.

Guerra said Fresno has received foreclosure assistance in the past but that it's going into the wrong hands. The city hopes their lobbyists will secure funds from the American Re-Investment And Recovery Act, President Obama's plan to jumpstart the economy that has yet to be approved.

Mayor Swearengin said the lobbying firm has been doing a great job. Aside from housing assistance, they also hope to get funding to hire more police officers in Fresno.

-----------------------------------------------------------------------------------------------


abc30 News Links:
Links to other news sections on our website.

-----------------------------------------------------------------------------------------------

Breaking News Alerts:
Click Here to Sign-Up for Breaking News E-Mail Alerts
Receive Breaking News alerts in your email inbox.


Click Here to Sign-Up for Text Message Alerts
Receive Breaking News alerts right on your cell phone.


-----------------------------------------------------------------------------------------------

Load Comments