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.
