81
      Tuesday
      87 / 69
      Wednesday
      88 / 68
      Thursday
      90 / 70

      $600M in housing aid headed to SC, 4 other states

      The Obama administration plans to send $600 million to help unemployed homeowners avoid foreclosure in five states.

      The Obama administration plans to send $600 million to help unemployed homeowners avoid foreclosure in five states.

      The Treasury Department says mortgage-assistance proposals submitted by North Carolina, Ohio, Oregon, Rhode Island and South Carolina received approval. The states estimate their efforts could help up to 50,000 homeowners.

      The administration is directing $2.1 billion from its existing $75 billion mortgage assistance program to a total of 10 states. Each state designed its own plan.

      Treasury approved money in June for Arizona, California, Florida, Michigan and Nevada.

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