By KIMBERLY MILLER
Palm Beach Post Staff Writer
Updated: 7:24 p.m. Friday, April 2, 2010
Posted: 5:51 p.m. Friday, April 2, 2010
Spending rules for federal neighborhood stabilization dollars were changed Friday, following a report that showed that states and cities have been slow in using the money.
Nationally, more than $4 billion was set aside in the Neighborhood Stabilization Program for areas hard hit by the real estate collapse, awarding money to municipalities, counties and state governments to buy foreclosed and abandoned properties, or set up programs that help revitalize neighborhoods.
But with just six months left to obligate the funds, Florida has earmarked just 13.6 percent of its $91.1 million for projects.
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