Summary Box: States get $600M in housing aid
AP News ( 2010-08-04 16:58:41 )
Summary Box: Treasury approves $600M in housing aid to 5 states with high unemployment
AID TO UNEMPLOYED: The Obama administration plans to send $600 million to help unemployed homeowners avoid foreclosure through state-designed programs.
FIVE STATES GET HELP: The Treasury Department approved mortgage-assistance proposals submitted by North Carolina, Ohio, Oregon, Rhode Island and South Carolina. The states estimate their efforts could help up to 50,000 homeowners.
SMALL DENT SO FAR: The Obama administration has rolled out numerous attempts to tackle the foreclosure crisis but has made only a small dent in the problem.
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