Obama Awards Utah $5 Million To Stabilize Communities

Five million dollars in grants, intended to reverse the effects of foreclosures in local communities, will be headed to Utah, the U.S. Department of Housing and Urban Development announced Thursday.

The funds will provide emergency assistance to help Utah communities acquire, redevelop or demolish foreclosed properties.

"These grants will support local efforts to reverse the effects these foreclosed properties have on their surrounding neighborhoods," said Secretary Shaun Donovan. "We want to make certain that we target these funds to those places with especially high foreclosure activity so we can help turn the tide in our battle against abandonment and blight."

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