Attorney General Coakley Announces Grant Funds for Foreclosure Prevention - September 21, 2009

BOSTON – Today, Attorney General Martha Coakley’s Office launched three new grant programs totaling $4 million that help provide active jobs for youth at risk, support the rehabilitation of abandoned property and promote financial literacy as a means to prevent foreclosure. The funding for the grants stems from several settlements that were obtained by the Attorney General’s Office as a result of recent enforcement actions against pharmaceutical giants Merck Vioxx, Eli Lilly and Pfizer and against Fremont Investment & Loan. All grant programs have an expected start date of January 4, 2010.

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