The Obama administration unveiled a $600 million financial aid package for five states, including North Carolina, that are plagued by high unemployment rates.
North Carolina is eligible to receive $159 million of the aid, which will go to housing agencies in states with counties where the unemployment rate is above 12 percent.
In addition to North Carolina, the other four receiving a piece of the $600 million are Ohio, Oregon, South Carolina and Rhode Island.
The money is intended to prevent foreclosures.
It comes on the heels of the Obama Administration pledging $1.5 billion in funding for states that have seen the biggest decline in housing prices: Arizona, California, Florida, Michigan and Nevada.