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South Florida

Miami-Dade to buy bank-owned homes

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Miami-Dade County will use $62.2 million in federal grant money to buy, rehab and resell, or rent bank-owned properties to low-income residents. The county received more money than any other local jurisdiction in Florida, drawing funds from a $4 billion package of neighborhood stabilization funds. The state and other local governments received a total of $541 million. Broward County received $17.7 million. A handful of large cities in both counties received their own money directly.