New York using $9 million from RBS settlement to fight zombie homes
Royal Bank of Scotland | January 29, 2019
Continuing a fight that stretches all the way back to 2014, the state of New York is set to give its cities millions more in funding to address the glut of “zombie homes” that still blight many communities throughout the state. Back in 2016, the state of New York enacted “sweeping” new laws aimed at addressing the state’s issues with zombie homes, homes that become vacant and abandoned during the state’s lengthy foreclosure proceedings. Then, on several different occasions, the state provided cities and state land banks with millions of dollars to address zombie homes.