Arizona misses out on latest round of federal foreclosure aid

Arizona’s unemployment rate is preventing the state’s struggling
homeowners from receiving help from the federal government’s latest
foreclosure-prevention program.
Last week, the U.S. Treasury Department named the states that will
divvy up $2 billion in additional funding to specifically help
homeowners facing foreclosure due to unemployment. Arizona wasn’t on
the list, a disappointment to many of the state’s homeowners and
housing advocates.
Arizona is already receiving $125.1 million from the federal
government’s Hardest Hit Housing Markets fund, which is the same
federal program administering this latest round of aid. Arizona is
one five states – California, Florida, Nevada and Michigan – sharing
$1.5 billion through a program for areas with the biggest …

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