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Senate moves closer to House on foreclosure settlement spending

The Senate moved closer to House preferences on how to spend $200 million in foreclosure settlement funds Thursday as it advanced its own spending plan, SB 1852, ahead of a vote Friday.

Sen. Andy Gardiner, R-Orlando, the upper chamber’s lead negotiator on the settlement spending, amended the bill to give funds to Habitat for Humanity and to a program to provide two years of college dorm residence to students, two components of the House’s spending plan. But the Senate held firm to spending on the State Housing Initiative Program (SHIP) and State Apartment Incentive Loan (SAIL) programs, which receive less funding in the House plan.

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