New Jersey Foreclosures Crisis: Chris Christie Not Using $300 Million In Federal Funds To Help

[SunsetDreams]

New Jersey Foreclosures Crisis: Chris Christie Not Using $300 Million In Federal Funds To Help Distressed Homeowners, WABC Reports

Is Chris Christie doing enough to help residents of New Jersey stave off foreclosure? A new report from WABC's Jim Hoffer suggests the answer might be "no."

In 2011, New Jersey accepted $300 million in federal money to start the Homekeeper Program, which would, as its website advertises, promote "neighborhood stability in New Jersey communities by providing financial assistance to eligible homeowners in danger of foreclosure."

New Jersey currently suffers the second-highest foreclosure rate in the nation, according to the Mortgage Bankers Association. However, Hoffer reports that more than a year after the Homekeeper Program was launched, the state has doled out only $4 million, of $300 million available, to 498 families -- while nearly 2,000 applicants have been denied.

http://www.huffingtonpost.com/2012/09/25/new-jersey-foreclosures-chris-christie_n_1911599.html




Another Republican tactic to make the economy NOT work.

[rfranklin]

1. There are many needy millionaires in NJ...Chrisitie is trying to help them...so stop picking on him!

They might take their neediness to another state!