The Daily Gazette
The Locally Owned Voice Of The Capital Region

State foreclosure program cuts criticized

Housing officials: Crisis not over

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The foreclosure crisis that started in 2008 when homeowners began defaulting on subprime mortgages is far from over, but Gov. Andrew Cuomo’s budget eliminates the state’s Foreclosure Prevention Services Program. The move came as a surprise to local housing agencies that have relied on money from the program to assist struggling homeowners in the Capital Region. For Better Neighborhoods Inc. in Schenectady, the loss of state funding would force the organization to eliminate housing counseling ...

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