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February 11, 2012

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Mayor to seek more federal foreclosure funds for Las Vegas

By Dave Toplikar (contact)

Wednesday, Jan. 20, 2010 | 5:28 p.m.

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Dave Toplikar

Oscar Goodman

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Denied more federal foreclosure funds last week, Las Vegas Mayor Oscar Goodman plans to try another option for the city to get foreclosure help this week while he is in Washington, D.C., the mayor's office announced today.

Goodman, who is traveling with his staff to attend the U.S. Conference of Mayors Winter Meeting this week, will also meet with Nevada's congressional delegation to discuss the recent revelation that the Las Vegas Valley won't get any more stimulus funds to help stem the foreclosure crisis.

The mayor's office said Goodman has also sent a letter to Mercedes Marquez, assistant secretary for community planning and development with the U.S. Department of Housing and Urban Development.

In the letter, Goodman thanks Marquez for her recent visit and indicates the city will begin pursing a possible program through the U.S. Treasury Department to help residents stay in their homes.

He also says in the letter that the city will also "focus on how to work more effectively with the national HUD office to position Las Vegas for future funding opportunities..."

In the first round of grants about a year ago, the city receive about $20 million, to be used to take care of homes that were foreclosed, he said. The Las Vegas Valley as a whole received around $64 million.

In July, Las Vegas joined in with Clark County, North Las Vegas and Henderson to ask the federal government for another $368.2 million.

Last week, Goodman expressed anger that Las Vegas would not be getting any more federal Neighborhood Stabilization Plan funds and called it "a slap in our face." Senate Majority Leader Harry Reid and other members of Nevada's congressional delegation also expressed their disappointment and said they would look into it.

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