PortlandOnline

POL Government Elected Officials Commissioner Nick Fish
Oregon will receive $88 million in federal aid to prevent foreclosure - March 30, 2010

"The good news and bad news are one and the same," writes Eric Mortenson in the March 30 Oregonian. "Oregon is one of five states that will share in a $600 million federal program aimed at helping regions hardest hit by unemployment, home foreclosures and upside-down mortgages." Other states which will benefit from this federal money are California, Florida, Rhode Island, and Nevada.

 

During this recession, Oregon has been in the top five nationally for homelessness, hunger, and unemployment, and in the top ten for foreclosures. Read the full article here.