Indiana is in line to receive $152 million in federal funds to help combat foreclosures as part of its share of the federal Neighborhood Stabilization Program. The funds can be used to redevelop vacant or foreclosed properties and help low- to moderate-income homebuyers purchase properties.

About $68 million of the funds will be distributed directly by the U.S Department of Housing and Urban Development to cities and counties across the state. Of the federal funding, roughly $29 million is slated to go to Indianapolis.

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