President Barack Obama continued a two-day campaign-style swing through California Thursday, announcing the distribution of $145 million in new Housing and Urban Development funds at a town hall meeting in Los Angeles. The funds, which will target those communities hardest hit by the home foreclosure crisis, “will be used to buy up and rehabilitate vacant and foreclosed homes, and resell those homes with affordable mortgages, (as well as) to provide mortgage assistance and rehabilitation loans for low-income and middle-income families,” Obama said to an enthusiastic crowd at the Miguel Contreras Learning Center
