Homeowners in the city who are staring down the barrel of foreclosure may now have access to $25 million in funding through the Housing Assistance and Recovery Program.

In March, Burlington City became the first municipality in the state to hire DeForest “Buster” Soaries of the Central Jersey Community Development Corp., formerly the First Baptist CDC, to implement HARP, which he developed, to allow certain nonprofit agencies and public entities to purchase homes on the brink of foreclosure and enter into a lease-purchase agreement with homeowners, but finding the funding to do so has been difficult.

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