PDA

View Full Version : Report: $568M in foreclosure aid unspent



pwaldo
10-07-2011, 06:33 PM
http://www.politico.com/news/stories/1011/65391.html


A $1 billion federal foreclosure aid program ended with $568 million unspent due to a restrictive application process and poor advertising, a result that some called “sad and shameful.”

Federal officials announced on Thursday that the program, which provided forgivable and interest-free loans of up to $50,000 to help the unemployed and medically ill avoid foreclosure, will use just $432 billion, reports USA Today.

andrewhoya
10-07-2011, 07:41 PM
The government mis-managing funds??? What?!