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$200,000 grant to help R.I. veterans with homeownership

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A Providence-based nonprofit is getting $200,000 under the national mortgage settlement to help veterans and low-income families work toward homeownership. Attorney General Peter Kilmartin announced the funding Wednesday for Helping Hands Community Partners. The money is part of a $25 billion settlement five major banks reached with the federal government and state attorneys general over flawed mortgage practices. The grant will go to educate veterans and low-income families on various aspects of home buying, including how to evaluate loan products, figure out how much they can afford to borrow, and understand the mortgage process.

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