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NY attorney general announces $13M to combat 'zombie homes'

Posted at 8:02 AM, Jul 21, 2016
and last updated 2016-07-21 17:29:04-04

Communities in New York state still reeling from the housing crisis are getting some help.

New York Attorney General Eric Schneiderman tells The Associated Press Thursday that his office will set aside $13 million in grants to help local governments deal with the problem of abandoned and vacant properties known as "zombie homes."

Schneiderman says the properties can fall into neglect as the foreclosure process drags on, potentially damaging the homes and bringing down property values for entire neighborhoods.

The 100 communities with the worst zombie home problems can apply for the funds. The money will support efforts to ensure banks and lenders maintain properties they're responsible for and programs to help homeowners avoid foreclosure.