A.G. Schneiderman Announces First Round Of Awards For $20 Million Program To Rebuild And Reinvest In Communities Recovering From The Housing Crisis

BUFFALO – October 31, 2013 – (RealEstateRama) — Attorney General Eric T. Schneiderman today announced more than $12.4 million in grant funding for land banks in Erie County/Buffalo, Rochester, Syracuse, Chautauqua County, Newburgh, and Suffolk County. The grants represent the first round of competitive funding awards under the Attorney General’s Land Bank Community Revitalization Initiative. This two-year, $20 million program provides funds from last year’s National Mortgage Settlement with the nation’s largest banks to help communities rebuild and restore neighborhoods hit hard by the housing crisis