Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Obama administration to provide $3B in housing aid

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 02:01 PM
Original message
Obama administration to provide $3B in housing aid
Source: Associated Press

WASHINGTON The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets.

The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of those states have already designed such programs.

Another $1 billion will go to a new program being run by the Department of Housing and Urban Development. It will provide homeowners with emergency zero-interest rate loans of up to $50,000 for up to two years.

The administration was required to launch the HUD emergency loan program by the financial regulatory bill signed by President Barack Obama last month.


Read more: http://news.yahoo.com/s/ap/20100811/ap_on_bi_ge/us_hous...
Printer Friendly | Permalink |  | Top
tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 02:04 PM
Response to Original message
1. My meeting with HUD takes place later this month.
Thank you Obama.
Printer Friendly | Permalink |  | Top
 
Kind of Blue Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 02:15 PM
Response to Reply #1
2. Best of luck to you!
Printer Friendly | Permalink |  | Top
 
tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 02:30 PM
Response to Reply #2
4. Thanks, a little luck right now would be very welcome.
It has been awhile.
Printer Friendly | Permalink |  | Top
 
Beetwasher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 02:18 PM
Response to Original message
3. Awesome!
Very very good move.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Nov 27th 2014, 11:32 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC