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Released: September 29, 2011
Home aid program won’t hit its target
Source: Julie Schmit, USA Today
A $1 billion federal program to help financially strapped homeowners avoid foreclosure will help 10,000 to 15,000 people — not the 30,000 initially expected, a government official said Wednesday. The Department of Housing and Urban Development, which is running the Emergency Homeowners' Loan Program, has until Friday to commit the $1 billion to homeowners in 32 states and Puerto Rico. If not committed, leftover money goes back to the U.S. Treasury.Read Full Article: Home aid program won’t hit its target
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