S. Ellen Jones neighborhood selected for $6.7M grant

Federal funds will be used to rehab 40 foreclosed homes. The announcement was made at the Indiana Housing and Community Development Authority meeting; the state agency oversees the allotment of federal Neighborhood Stabilization Program dollars. The grant is worth about half of New Albany's annual city budget; low-to-moderate income families will get first priority after the homes are rehabbed. New Albany's application -- prepared by Mayor Doug England's administrtion -- has been awarded in full