"More help is on the way for Arizonans struggling to keep their homes.
The state is funding a $13.6 million initiative to help stem the growing foreclosure problem and aid the rising number of homeless people. The two problems have become related as more families losing their homes can't find places they can afford to rent.
The funding, the largest the state has set aside for foreclosure help, was announced Wednesday at the Arizona Department of Housing's annual conference in Flagstaff. The money will come from the Arizona Housing Trust, which is funded from a percentage of the sales of unclaimed properties in the state, such as bank deposits. No taxpayer money is contributed to the trust, which varies in size each year."
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State taps $13.6 mil to curb foreclosures, assist homeless
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