Gov't to Give $600M in Housing Aid to 5 States

[cal04]

http://www.nytimes.com/aponline/2010/03/29/business/AP-US-Housing-Aid.html

The Obama administration unveiled Monday $600 million in financial aid for five more states with high unemployment that have been slammed by the housing bust.

The funding is for North Carolina, Ohio, Oregon, South Carolina and Rhode Island.

It comes on top of the $1.5 billion in funding announced last month by the Obama administration for Arizona, California, Florida, Michigan and Nevada, which all have deeply depressed home prices.

After that announcement, lawmakers in other states pressed Obama officials for additional aid. Sen. Jack Reed, D-R.I., who was among those pushing for more help, called the funding ''a smart investment that will help Rhode Island and other states that have been hit hardest by the recession.'

[leftstreet]

1. Meh. Boeing gets $40 BILLION for a handful of tankers

Sorry, not impressed