R.I. receives $6.3M to stabilize neighborhoods hard-hit by foreclosures

Kimberley Donoghue

09/09/2010

U.S. HOUSING AND URBAN Development has awarded Rhode Island $6.3 million to reverse the effects of the foreclosure crisis in local communities as part of a third round of funding under the Neighborhood Stabilization Program. / BLOOMBERG NEWS FILE PHOTO

PROVIDENCE – Rhode Island neighborhoods that were hit hard by the foreclosure crisis have been awarded $6,309,231 million in funding, said U.S. Housing and Urban Development on Wednesday. The grants announced yesterday represent a third round of funding through U.S. HUD’s Neighborhood Stabilization Program; Rhode Island has already received $19.6 through the program. The funds…

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