80th Annual Meeting


IN SUPPORT OF PROJECT REBUILD

WHEREAS, commercial and residential properties which were foreclosed during and before the great recession continue to blight neighborhoods and communities throughout the country; and

WHEREAS, HUD administered the Neighborhood Stabilization Program (NSP) from 2008 to 2010 in three rounds, which distributed nearly $7 billion, supported an estimated 88 thousand jobs, completed nearly 50,000 units of affordable housing, and demolished nearly 25,000 blighted properties in some of the hardest-hit neighborhoods; and

WHEREAS, in order to build on the success of NSP, President Obama included Project Rebuild in his FY13 budget proposal, a $15 billion program designed to purchase, rehabilitate, and/or redevelop foreclosed, abandoned, demolished, or vacant properties; and

WHEREAS, Project Rebuild would support an estimated 191,000 jobs and treat at least 150,000 properties across all 50 states; and

WHEREAS, up to thirty percent of the funds would be eligible for use on commercial properties;

NOW, THEREFORE, BE IT RESOLVED that The United States Conference of Mayors supports inclusion of the Presidentís proposed Project Rebuild initiative in the final federal budget for FY13.


RESOLUTION ADOPTED JUNE 2012