Attorney General Pam Bondi initially wrangled with legislators over how to spend the settlement money. File photo by Ana Goni-Lessan.
The Joint Legislative Budget Commission approved $60 million in foreclosure settlement funds Thursday to aid the state’s troubled housing market.
Most of the money, $35 million, will go to the Florida Housing Finance Corp. to help eligible homeowners with down payment assistance. FHFC will receive another $10 million to be used in housing counseling. Another $5 million will go to federal government-approved nonprofit legal aid organizations to give counseling to homeowners threatened with foreclosure. The State Court System will receive $5 million to compensate retired judges and help move foreclosure cases through the system more swiftly.
This brief has been archived. The entire brief is available exclusively to LobbyTools subscribers.
Already a subscriber? Login, or call 850-915-0100 ext. 1 for customer support.