Yonkers on hook for $9M amid failed loans
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Vacant offices, shuttered storefronts and mom-and-pop stores long out of business.
That's what Yonkers got for $6.5 million in loans intended to spark job growth and stimulate the local economy, according to documents obtained by News12 Westchester.
Because Yonkers acted as a middleman to secure the Section 108 loans from the federal government -- and vouched for the businesses receiving...