Savannah and Augusta to Receive Over $2 Million in Funding to Stabilize Neighborhoods Hard Hit by Foreclosure

Washington, DC – September 9, 2010 – (RealEstateRama) — Congressman John Barrow (GA-12) announced today that Savannah and Augusta will receive a combined $2.18 Million in funding to reverse the effects of the foreclosure crisis. The City of Savannah will receive $1,027,553 and Augusta-Richmond County will receive $1,161,297. The grants announced today will provide targeted emergency assistance to state and local governments to acquire, redevelop, or demolish foreclosed properties.