In a statement, a spokeswoman for Mr. Schneiderman said that the prevention program has "provided a vital lifeline that has allowed over 70,000 families to avoid foreclosure." When the new round of funding ends "the legislature must identify funds for the program's future," she said. "New York State Boosts Funds for Foreclosure Prevention," published at 4:35 p.m. EDS, incorrectly attributed the statement to Mr. Schneiderman himself.

(END) Dow Jones Newswires

March 29, 2017 18:35 ET (22:35 GMT)