Florida Ends Housing Aid Program With $88 Million Unspent

The programs’ goals were to reduce foreclosures in Florida and swiftly review applications for the programs. In a letter sent to FHFC Executive Director Trey Price, Rubio said, "Florida was allocated nearly $1 billion in federal funds through the Hardest Hit Fund (HHF) to aid families impacted by the economic and housing market downturn of.

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In addition, our senior management team has identified and is in various stages of reviewing in excess of $88 million of additional potential properties for acquisition, which amount is estimated based on the sellers’ asking prices for the properties, preliminary discussions with sellers or our internal assessment of the values of such.

Florida on Wednesday will close its three largest hardest hit federal housing-aid programs – years early – with million left unspent. State officials say they are pleased they helped tens of thousands of struggling Floridians by spending 92 percent of Florida’s $1.1 billion share of federal funds.

Florida Ends Housing Aid Program With $88 Million Unspent. in Daily Dose. the decision to end the programs is drawing criticism from some due to there being some $88 million left unspent.

Washington, D.C. – U.S. Senator Marco Rubio (R-FL) requested the Florida Housing Finance Corporation (FHFC) provide more information on its decision to close certain homeowner assistance programs ahead of schedule that are aimed at reducing foreclosures in Florida and swiftly review applications for the programs.

 · Two of President Donald Trump’s strongest allies in Congress pushed back Friday on his administration’s plans to slash some $4 billion in foreign aid that lawmakers have already approved. In a.

State ends federal foreclosure aid with millions unspent. Article Courtesy of The Orlando Sentinel. By Mary Shanklin. Published February 4, 2018. Florida on Wednesday will close its three largest Hardest Hit federal housing-aid programs – years early – with $88 million left unspent.

U.S. officials said the aid package that Clinton plans to offer at the meeting in Vancouver, Canada, on Saturday and Sunday includes as its main elements: * A new program to provide housing for. to.

of 2008. With this funding, the Florida Housing Finance Corporation (FHFC) was given the responsibility to create programs to reduce foreclosures in Florida. As you know, Florida remains ranked sixth in the nation for foreclosure rates and $88 million of the fund remains unspent.

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