Florida’s $1 billion homeowner help program faces federal audit

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Florida’s $1 billion homeowner help program faces federal audit

Florida’s $1 billion homeowner help program faces federal audit

PBPOST-

Florida’s key foreclosure prevention program is facing a federal investigation after Sen. Bill Nelson (D-Fla.) raised concerns about who is receiving the money and how little of the $1 billion award has reached homeowners.

The special inspector general for the Troubled Asset Relief Program confirmed in a letter Thursday that she shares Nelson’s “desire to bring more transparency to the program” and will initiate an audit.

Dubbed the Hardest Hit Program, the plan has been notoriously slow in giving out awards to needy homeowners and has been criticized in past federal reviews for having so few homeowners receiving money.

The most recent numbers as of March 1 show $230 million, or 23 percent of the total allocation, had been spent or encumbered.

[PALM BEACH POST]

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2 Responses to “Florida’s $1 billion homeowner help program faces federal audit”

  1. Jimmy says:

    Wow, what a surprise. More hinkiness from Governor Fraud. How he’s allowed to walk the streets a free man…well we all know how…he buys his way out of trouble. Anyway, hopefully the end comes soon and he gets the prison term he so richly deserves.

  2. no names, please, we're in litigation says:

    I wanna see how Pammy is going to distribute the money. I’d be willing to bet that a good chunk is going to fancy-up the Florida attorney general’s offices, get some nicer cars in the carpool, add to its employees’ pensions, beef up their health care insurance, pay for a few lunches for Lender Processing Services’ employees and foreclosure mill attorneys who are going to fund Pam’s run for higher office–you know, politics as usual.
    If Pam Bondi isn’t going to play fast and loose with that money, then I’m a natural blond.

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