Florida Ends Housing Aid Program With $88 Million Unspent

We audited the Commonwealth of Massachusetts’ (State) small cities community Development Block Grant (CDBG) program because the State was the largest recipient of CDBG funds in New england. hud awarded the State more than $88 million in CDBG funding for program years 2015, 2016, and 2017.

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.

 · Ohio will get up to $172 million for these purposes while North Carolina gets up to $159 million and South Carolina up to $138 million. Oregon has been approved for up to $88 million of funding and Rhode Island up to $43 million. The HAMP program has been widely criticized as.

Florida Housing administers the State Housing Initiatives Partnership program (SHIP), which provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing. The program was designed to serve very low, low and moderate income families.

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The Navajo Nation accepted more than $1 billion for houses. So, where did it go? There have long been questions about how the Navajo Housing Authority used federal funds for tribal needs. But when one woman saw new houses going up, she hoped for the best. She was wrong.

It provides funding for all 11 annual Appropriations bills, including the Transportation, Housing, and Urban Development (THUD) bill.. fta administrative expenses were funded $3 million more than authorized at $113 million. Also, technical assistance and training was funded at $5 million.. Program received $88 million, $1 million higher.

This resulted to Tucker owing the IRS a debt of $14 million according to the representative. In an interview, Chris places the blame solely on his financial management team. Mortgages for All of Florida | We Florida Financial – Credit Union for. – The word "mortgage" doesn’t have to be a scary word.

State ends federal foreclosure aid with millions unspent. Florida on Wednesday will close its three largest Hardest Hit federal housing-aid programs – years early – with $88 million left unspent.

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The Community Development Block Grant (CDBG) program is a flexible program that provides communities with resources to address a wide range of unique community development needs. Beginning in 1974, the CDBG program is one of the longest continuously run programs at HUD.