New York providing grants to boost zombie property law compliance

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New York State Attorney General Letitia James announces an additional $9 million in grant funding for municipalities facing problems with empty, foreclosed homes. Photo Credit: Howard Schnapp

Law360, New York (April 22, 2013, 5:04 PM EDT. Funds will be distributed in grants generally ranging in size from $10 million to $200 million to road, bridge, rail and port projects across the.

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 · The grant of $9 million is an extension to the 2016 Zombie Remediation and Prevention Initiative created by the Office of the New york attorney general, the release stated.

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ALBANY-Gov. Andrew Cuomo signed into law the "zombie property" bill on June 23rd. The legislation, which passed the State Legislature, is geared to combating the blight of vacant and abandoned properties throughout the state providing further assistance to those in danger of losing their homes, and in some cases expediting the foreclosure process.

New Zombie Home Foreclosure Law In New York On June 23, 2016, Governor Andrew Cumo signed a ground breaking bill into law requiring banks to take responsibility for "zombie" properties. The law is an amendment to Section 1307 of the Real Property Actions and Proceedings Law.

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