Nearly $100 million in federal stimulus money will go to getting rid of lead paint from low-income homes, Vice President Joe Biden announced Friday. The toxic paint--which can lead to health problems, particularly in children--is often found in homes built prior to 1978.
HUD is making the money available through grants that will help 53 local programs in 20 states and the District of Columbia.
"It is unacceptable that some 40 percent of homes in this country still contain lead-based paints, the majority of which are in low-income areas where homes have not been renovated in decades," said Biden in a public statement.
Read more about the dangers of lead paint and the 5 Most Dangerous Hazards in a Home in REALTOR® Magazine's Handouts for Customers (helpful articles that can easily be incorporated into your marketing materials to buyers and sellers).