Florida Didn't Even Bother Applying For $250 Million in Foreclosure Assistance Funds

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Florida Didn’t Even Bother Applying For $250 Million in Foreclosure Assistance Funds

Florida Didn’t Even Bother Applying For $250 Million in Foreclosure Assistance Funds

Miami New Times-

Florida is ground zero of the foreclosure crisis. No other state even touches Florida when it comes to the number of foreclosures over the past decade. So you would figure our state government would be first in line when it comes to taking advantage of federal assistance programs meant to help regular Floridians.

You would figure wrong.

Back in April, the U.S. Treasury Department announced $2 billion more in funding for the Obama administration’s Hardest Hit Fund program. That fund is designed to help homeowners in the states hit hardest by the economic crisis.

Florida automatically received almost $78 million in additional funding, but it could have received a lot more if only it had applied. It could have gotten as much as $250 million more in fact.

[MIAMI NEW TIMES]

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