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From the staff of the Tampa Bay Times

Rep. Castor, others give Bondi advice on $300 million foreclosure settlement cash

Attorney General Pam Bondi is being flooded with advice after she asked members of the public for their thoughts on how she should spend more than $300 million in unallocated cash from a $25 billion mortgage settlement over foreclosures

U.S. Rep. Kathy Castor, a Tampa-area Democrat, sent Bondi suggestions on how to spend the cash this week, urging her not to allow it to be used for plugging Florida's budget hole. She wants the money to go directly to housing initiatives.

The Florida Housing Coalition is the latest group to ask Bondi to spend the money on affordable housing initiatives like the State Housing Initiative Program (SHIP) and the State Apartment Incentive Loan (SAIL). State funds that normally go to those programs have been redirected in recent budget years.

The Florida Bar Foundation is also giving Bondi advice on how to spend the cash. They are pushing a $32.25 million plan that would send $20 million to legal assistance for troubled homeowners, $8 million on foreclosure mediation programs, $1 million for a foreclosure assistance hotline and $2.25 million for housing renovation.

See Castor's letter, which includes the Florida Bar proposal and the Florida Housing Coalition proposal, here:

Others interested in giving Bondi advice can visit MyFloridaLegal.com before May 15.

--@ToluseO

 

[Last modified: Wednesday, May 9, 2012 1:29pm]

    

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