GOV. Paterson Announces Federal Approval of State Plan to Distribute $54.5 Million in Funding to Rebuild Neighborhoods Impacted by Foreclosure Crisis

Gov. David Paterson, D-N.Y., issued the following press release: Governor David A. Paterson announced that the U.S. Department of Housing and Urban Development (HUD) has approved the New York State Housing Finance Agency's (HFA) plan to distribute $54.5 million in Federal Neighborhood Stabilization Program (NSP) funds to buy, renovate and resell foreclosed and abandoned properties. The decision ...