St. Paul officials are applying for $46 million in federal stimulus funding, so that the city can purchase and renovate hundreds of area distressed homes.

The city currently has over 19,000 properties sitting vacant due to foreclosure or abandonment. These vacant properties cost St. Paul coffers $38 million annually. City officials commented that the stimulus funds would better equip the city to address the growing number of foreclosures in St. Paul.

Should St. Paul be approved for the funds, the [...]

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