Feds Send Cash to Clean Up Foreclosure Blight

The state will receive $3.6 million in federal stimulus funds to help neighborhoods that have been hardest hit by foreclosures.

The money will help 12 municipalities buy foreclosed and vacant homes and resell them to low- and moderate-income families.

"These are sound investments that will help fill those homes will families and bring neighborhoods back to life. Just as critical is the work needed to stabilize and rehabilitate them, which will create jobs and put money back into local economies," Gov. M. Jodi Rell said. "The block grants will allow municipal leaders to help their local families realize the American dream of home ownership in livable, vibrant neighborhoods."

Community leaders will also be able to use the money to upgrade water and sewer lines, as well as streets and sidewalks.

A final plan will be submitted to U.S. Housing and Urban Development officials after the hearing for approval..

To view the state's block grant plan click here

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