Make us your home page
Instagram

Florida failing to get foreclosure aid to homeowners

Some of the states hit hardest by the foreclosure crisis, including Florida, aren't spending millions of dollars that the federal government has set aside to help struggling homeowners, a new report shows.

Of $7.6 billion the federal government has provided in the "Hardest Hit Fund" to help home­owners, states have disbursed only $3 billion, according to a report from the Congressional Research Service, a nonpartisan service that provides information to Congress.

The Hardest Hit Fund is one of several initiatives the federal government created after the recession to help families keep their homes. Eighteen states and the District of Columbia have 66 programs that use money from the Hardest Hit Fund, which is allocated to each state depending on various factors, including the impact of the housing crisis.

The CRS found that states have disbursed widely varying percentages of their Hardest Hit money, from 21 percent in Alabama to 84 percent in Rhode Island. Some of the states hit hardest have distributed the lowest percentages, including Florida (26 percent), Michigan (29 percent), Arizona (34 percent) and California (36 percent). As of October, Florida still had the nation's highest foreclosure rate.

States are required to submit plans to the Treasury, which administers the program, explaining how they'd use the money.

Critics say the Treasury is at least partly to blame for states' low payout rates. In a separate report in late October, the Office of the Special Inspector General criticized the Treasury for failing to specify how many homeowners states should help.

Florida failing to get foreclosure aid to homeowners 11/27/13 [Last modified: Wednesday, November 27, 2013 7:01pm]
Photo reprints | Article reprints

Copyright: For copyright information, please check with the distributor of this item, Tribune News Service.
    

Join the discussion: Click to view comments, add yours

Loading...
  1. In your 20s and living with mom and dad? In Florida, you're not alone.

    Human Interest

    TAMPA — After graduating from the University of Florida in 2015, Gabrielle Piloto jumped on the highway and headed south to Tampa.

    Gabrielle Piloto, 22, moved home to live with her grandparents in West Tampa after graduating from the University of Florida in 2015. [MONICA HERNDON   |   Times]

  2. Senate leaders unveil bill to repeal the Affordable Care Act

    Health

    WASHINGTON — Senate Republicans, who have promised a repeal of the Affordable Care Act for seven years, took a major step on Thursday toward that goal, unveiling a bill to cut Medicaid deeply and end the health law's mandate that most Americans have health insurance.

    U.S. Senate Republicans on Thursday unveiled a proposal to repeal and replace the Affordable Care Act. The bill's chief author, Senate Majority Leader Mitch McConnell, has said "Obamacare is collapsing around us, and the American people are desperately searching for relief." [AP]
  3. Southwest Airlines to offer flights from Tampa to San Diego

    Airlines

    TAMPA — Southwest Airlines will offer new nonstop service from Tampa International Airport to San Diego International Airport beginning Jan. 8, 2018.

    Southwest Airlines is planning to launch service from Tampa to San Diego.
[Times file photo]
  4. Tampa Bay homes values continue to rise along with sales prices

    Real Estate

    For the second month in a row, Tampa Bay had one of the highest year -over-year increases in home values in May, Zillow reported today.

    For the second month in a row, Tampa Bay had one of the highest year -over-year increases in home values in May, Zillow reported Thursday.
[Times file photo]
  5. Busy start has Florida Hospital Center Ice dreaming big

    Tourism

    WESLEY CHAPEL — Opening day brought 600 doctors, administrators and their families from Florida Hospital. Soon after that, the facility hosted its first junior league game and a collegiate showdown. A few weeks later, 200 kids, ages 4 to 9, participated in national Learn to Play Hockey Day.

    Alex Senushkin and his grandson, Styopa Kulshyn, 3, of Lakeland, skate at the Florida Hospital Center Ice rink in Wesley Chapel.
[CHARLIE KAIJO   |   Times]