Georgia granted $50M to fight foreclosures
Tony Potts
09-09-2010
As part of the U.S. Housing and Urban Development`s $1 billion
Neighborhood Stabilization Program, Georgia will get more than
$50.4 million to help ease the state`s foreclosure crisis.
Here’s how Georgia’s $50 million breaks down:
- State of Georgia: $18,679,977
- DeKalb County: $5,233,105
- Atlanta: $4,906,758
- Clayton County: $3,796,167
- Fulton County: $3,094,885
- Cobb County: $2,415,784
- Gwinnett County: $2,065,581
- Douglas County: $1,628,471
- Macon: $1,503,897
- Paulding County: $1,372,214
- Henry County: $1,217,736
- Villa Rica/Carroll County: $1,190,390
- Augusta/Richmond County: $1,161,297
- Columbus/Muscogee County: $1,128,174
- Savannah: $1,027,553
Georgia has ranked among the states with the most foreclosures.
The Peach State had the sixth-most foreclosures in the second
quarter and ninth-most in July, according to RealtyTrac.
`These grants will support local efforts to reverse the effects
these foreclosed properties have on their surrounding
neighborhoods,` said HUD Secretary Shaun Donovan, in a press
release. `We want to make certain that we target these funds to
those places with especially high foreclosure activity so we can
help turn the tide in our battle against abandonment and blight.`
|
