Local governments, states in a hurry to spend foreclosure relief aid
July 28th, 2010
| Tags: but-are, cities-and, foreclosure aid, government
WASHINGTON — Local governments are at risk of losing more than $1 billion in foreclosure relief funds they can’t spend quickly enough.With use-it-or-lose-it spending deadlines weeks away, cities and counties are scrambling to shore up neighborhoods by buying foreclosed and abandoned properties — but are often stymied by market forces, federal regulations and a lack
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Local governments, states in a hurry to spend foreclosure relief aid
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