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South Florida

Miami City Commission tackles foreclosures

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City commissioners approved a $500,000 foreclosure program yesterday that will fund loans of up to $7,500 to help save residents’ at-risk homes. It will be directed at homes valued at $300,000 or less. Applicants must have an income that is less than 80 percent of the city median level, about $56,966. Commissioner Tomas Regalado said the city hopes to help as many as 100 homeowners.