New York allots $20 million to state land banks to fight blight

The state of New York is set to give an additional $20 million to the state’s land banks as part of a continuing effort to fight neighborhood blight throughout the state, the office of New York Attorney General Eric Schneiderman announced this week. The funding will come from the state’s settlements with Goldman Sachs and Morgan Stanley, both of which agreed to multi-billion dollar mortgage bond settlements earlier this year.

New York allots $20 million to state land banks to fight blight syndicated from WordPress Account

Advertisements

Author: Investors Across usa

I have been working in the real estate world for over 25+ years and have loved every minute of it.