Florida’s Hardest Hit Fund program blistered in report

The first dollars from the Hardest Hit Fund flowed to California, Arizona, Florida. the program, explaining how they would use the money. Critics say the Treasury is at least partly to blame for.

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Florida homeowners can now apply to the $1 billion hardest hit fund mortgage assistance program under new eligibility guidelines created to allow more people to benefit from the federal plan. The state approved a revamp of the Hardest Hit Fund in April and the U.S. Treasury Department signed-off on the changes in May.

Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets ("Hardest Hit Fund" or "HHF"), HHF in Florida has helped only 22,400, far less than expected at the beginning of the program. HHF Florida has drawn down only about half the $1 billion in TARP funds available.

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The federal Housing Finance Agency would distribute $2 billion to the states through the so-called Hardest Hit Fund set up earlier. to spend up to $50 billion to help homeowners under the Troubled.

Florida Hardest Hit Fund Program fund. florida housing finance corporation (Florida Housing) was directed by Treasury to use a portion of these funds specifically for targeted unemployment programs that provide temporary assistance to eligible homeowners.

President Obama established the Hardest Hit Fund in February 2010 to provide targeted aid to families in states hit hard by the economic and housing market downturn. As part of the Administration’s overall strategy for restoring stability to housing markets, HHF provides funding for state HFAs to develop locally-tailored foreclosure prevention solutions in areas that have been hard hit by home price declines and high unemployment.

The federal government says it will investigate a $1 billion state housing program designed to help homeowners avoid foreclosure. U.S. sen. bill nelson called for the audit last month, complaining that the Florida Hardest Hit Fund was poorly run and not reaching enough people. "We share in your.

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To report allegations of waste, fraud, abuse, misconduct or other misconduct abuses, you may file a complaint by clicking the link below. Report Fraud/Waste/Abuse 2013 Elderly Mortgage Assistance Program (ELMORE).

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The Federal Emergency Management Agency and Florida State Emergency Response Team issued a report Tuesday that outlines. programs such as the direct lease program, which provided 62 households in.