Florida Housing Finance Corporation Under Fire For Funds Distribution Policy
Kimberly Miller, Palm Beach Post
Florida’s key foreclosure prevention program is facing a federal investigation after Sen. Bill Nelson (D-Fla.) raised concerns about who is receiving the money and how little of the $1 billion award has reached homeowners.
The special inspector general for the Troubled Asset Relief Program confirmed in a letter Thursday that she shares Nelson’s “desire to bring more transparency to the program” and will initiate an audit.
Dubbed the Hardest Hit Program, the plan has been notoriously slow in giving out awards to needy homeowners and has been criticized in past federal reviews for having so few homeowners receiving money.