WASHINGTON, DC – August 5, 2010 – (RealEstateRama) — State Housing Finance Agencies (HFAs) in North Carolina, Ohio, Oregon, Rhode Island and South Carolina can begin to use $600 million in foreclosure-prevention assistance from the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (“Hardest Hit Fund”) under plans approved today by the Obama Administration. This assistance will support local initiatives to assist struggling homeowners in these five states that have high percentages of their population living in areas of economic distress due to unemployment.
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