HUD allocates $1 million to Inland Empire recovery

The Inland Empire Economic Recovery Corporation, a public-private partnership created in 2008 to combat the impacts of home foreclosures on the Inland Empire, will receive a $1 million appropriation from the U.S. Department of Housing and Urban Development. According to a news release, the funding was secured by Rep. Jerry Lewis, R-Redlands.  The corporation’s executive director, Robert Hooker, said the $1 million federal allocation is most appreciated and will help to increase the corporation’s ability to acquire, renovate and sell more foreclosed homes in the Inland Empire.  San Bernardino County committed $2.5 million to the corporation in January.  Total funds available to the corporation now exceed $50 million, according to the release.

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