Today I received a press release from Senator Burr's office announcing that North Carolina had received $52,303,004 from the federal Department of Housing and Urban Development's Neighborhood Stabilization Program.  According to the release "North Carolina may use this grant to assist individuals in purchasing foreclosed homes, acquiring and rehabilitating abandoned homes, establishing land banks for foreclosed homes, demolition of blighted properties, or redevelopment of vacant or demolished structures.  All NSP funds are required to benefit individuals or families at or below 120 percent of area median income (AMI) and at least 25 percent must be targeted at those living below 50 percent of AMI.  Funds awarded under this grant must be used within 18 months."