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$6 million from feds will help cities fund housing programs

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Three Capital Region communities will receive more than $6 million in federal grants to purchase, renovate and resell homes shuttered by the foreclosure and subprime mortgage crises, Gov. David Paterson announced. Albany will receive $5 million to target 57 housing units in the Arbor Hill neighborhood. Schenectady will receive $935,000 for projects in the Vale and Hamilton Hill neighborhoods and Troy will get $53,000 to fix up 13 units in the Griswold Heights housing project. ...


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