Md. suburbs lead pack in doling out foreclosure funding

Published April 4, 2010 4:00am ET



Montgomery and Prince George’s counties have earmarkedalmost all of the federal grant money they received to shore up foreclosure-ridden neighborhoods, at a rate well above the national level.

Prince George’s County received nearly $11 million and Montgomery County about $2 million in grants through the first round of the federal Neighborhood Stabilization Program. Prince George’s had obligated nearly 80 percent of its money and Montgomery County had allocated all of it.

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