New federal foreclosure plan

By: Associated Press
By: Associated Press

ATLANTA (AP) - On Friday, Philip Mangano, executive director of the United States Interagency Council on Homelessness, is expected to join Mayor Shirley Franklin at City Hall for the local launch of a federal plan to ease foreclosure pains and keep families off the streets.

Under the new Housing and Urban Development's Neighborhood Stabilization Program, $3.92 billion will be distributed to all states and especially regions struggling to surmount high foreclosure rates.

Georgia is expected to receive more than $153 million.

The state will receive more than $77 million; nine other cities and counties will receive the remainder, roughly $76 million.

WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 33207719 -
Gray Television, Inc.