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Released: November 22, 2011
$1B homeowner loan program mainly benefited 3 states
Source: Julie Schmit, USA Today
A $1 billion federal program to help distressed homeowners in much of the country mainly helped people in just three states and very few in some others, government data show.
Almost half the homeowners aided by the Emergency Homeowners’ Loan Program are in Pennsylvania, Maryland and Connecticut, based on preliminary figures from the Department of Housing and Urban Development. As previously reported, the program closed to applicants on Sept. 30 with more than half of its $1 billion unspent. Leftover funds return to the U.S. Treasury.
Read Full Article: $1B homeowner loan program mainly benefited 3 states
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