http://www.hud.gov/news/release.cfm?content=pr08-148.cfm
WASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today allocated a total of $3.92 billion to all states and particularly hard-hit areas trying to respond to the effects of high foreclosures. HUD's new Neighborhood Stabilization Program (NSP) will provide targeted emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.
Dollar amounts are:
OHIO "STATE PROGRAM" $116,859,223
AKRON $8,583,492
BUTLER COUNTY $4,213,742
CANTON $3,678,562
CINCINNATI $8,361,592
CLEVELAND $16,143,120
COLUMBUS $22,845,495
CUYAHOGA COUNTY $11,212,447
DAYTON $5,582,902
ELYRIA $2,468,215
EUCLID $2,580,464
FRANKLIN COUNTY $5,439,664
HAMILTON CITY $2,385,315
HAMILTON COUNTY $7,970,490
LAKE COUNTY $3,402,859
LORAIN $3,031,480
MIDDLETOWN $2,144,379
MONTGOMERY COUNTY $5,988,000
SPRINGFIELD $2,270,009
STARK COUNTY $4,181,673
SUMMIT COUNTY $3,767,144
TOLEDO $12,270,706
YOUNGSTOWN $2,708,206
State and local governments can use their neighborhood stabilization grants to acquire land and property; to demolish or rehabilitate abandoned properties; and/or to offer downpayment and closing cost assistance to low- to moderate-income homebuyers (household incomes not exceed 120 percent of area median income). In addition, these grantees can create "land banks" to assemble, temporarily manage, and dispose of vacant land for the purpose of stabilizing neighborhoods and encouraging re-use or redevelopment of urban property