Added: Sep 8, 2010
Author: TradeTheTrend
Duration: 0:37
The U.S. Housing and Urban Development Department allocate $1 billion in funding funds to U.S. states to help stabilize neighborhoods that face many foreclosures. The Dodd-Frank Act allocated the funds for the programs. HUD Secretary Shaun Donovan said, "These grants will support local efforts to reverse the effects these foreclosed properties have on their surrounding neighborhoods."
Channel: News
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