May 12, 2013
BOSTON ? Attorney General Martha Coakley is announcing a new initiative to help Massachusetts cities and towns with high rates of distressed and vacant properties cope with the recent foreclosure crisis.
Coakley says her office is now accepting applications for a $1 million grant program designed to identify and return bank-owned properties to productive residential use.
The program is a collaboration with the state's registries of deeds. It relies on funds recovered by Coakley's office through a recent multi-state settlement related to unlawful foreclosure methods.
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