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From the staff of the Tampa Bay Times

Sen. Bill Nelson wants federal investigation of Florida's Hardest Hit Fund after Tampa Bay Times investigation

27

March

Sen. Bill Nelson is calling for a federal investigation of Florida's Hardest Hit Fund, a $1 billion mortgage assistance program that has denied aid to thousands of desperate homeowners while helping felons, tax scofflaws and people chronically in debt.

Nelson's request was prompted by a Tampa Bay Times investigation that uncovered dozens of homeowners with questionable backgrounds getting aid.

It also comes as state officials are moving forward with a plan that could change how some of the money is used. Starting in the Tampa Bay area, they propose spending $50 million in Hardest Hit Fund money to reduce loan principals, a boon to homeowners who owe more than their property is worth.

In a letter accusing state officials of "mismanagement" and "inaction," Nelson urged an investigation by the special inspector general of the federal Troubled Assets Relief Program, commonly known as TARP.

Story here.

[Last modified: Wednesday, March 27, 2013 9:58am]

    

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