component-social-facebook_share_api-v2-01
      45
      Saturday
      45 / 20
      Sunday
      40 / 32
      Monday
      44 / 33

      $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.

      FOLLOW US ON TWITTER