Grants to Help States Take Care of Foreclosed Properties
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Posted: 11:41 AM Sep 9, 2010
Grants to Help States Take Care of Foreclosed Properties
RICHMOND, Va. & CHARLESTON, W.Va. (AP)
Virginia and West Virginia are getting more than $11 million in federal funding to help cope with the housing crisis.
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Virginia and West Virginia are getting more than $11 million in federal funding to help cope with the housing crisis.

Virginia is getting $6.2 million and West Virginia is getting $5 million.

The U.S. Department of Housing and Urban Development announced the grants Wednesday. The agency says the grant will allow local governments to buy, redevelop or demolish foreclosed properties.

HUD says the Commonwealth gets $5 million of Virginia's total, while Richmond receives $1.25 million.

The agency awarded additional funds to other states for the same purpose.

©2010 The Associated Press. All rights reserved.
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