This Day In Stimulus Perversity
James Poulos, Ed. ·
Jul 29, 2010 at 1:21pm
WASHINGTON — Local governments are at risk of losing more than $1 billion in foreclosure relief funds they can't spend quickly enough.
With use-it-or-lose-it spending deadlines weeks away, cities and counties are scrambling to shore up neighborhoods by buying foreclosed and abandoned properties — but are often stymied by market forces, federal regulations and a lack of staffing [...].
Curse you, market forces!!! And, er, federal...regulations...
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