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County uses $10.8M federal grant to spur home sales

Daniel Valentine Gazette
Prince George's County announces incentives for buyers of foreclosed homes

Prince George's County announces incentives for buyers of foreclosed homes


In an effort to combat foreclosures and dismal home sales in Prince George's, potential homebuyers are being offered up to $20,000 to buy repossessed homes in the county.



The Down Payment on Your Dream program, which County Executive Jack B. Johnson (D) unveiled at a news conference today, will use most of a $10.8 million federal grant to encourage new homebuyers to consider buying some of the vacant, foreclosed homes in the county.

"Home ownership by Prince Georgians is a high priority for my administration," Johnson said. "The Down Payment on Your Dream program is a way for the county to help our citizens share in and experience a part of the American dream by owning a place to raise a family and become part of the community."


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