June 4, 2013
STATEMENT BY HUD SECRETARY SHAUN DONOVAN ON FLORIDA'S DECISION TO INVEST SETTLEMENT FUNDING IN HOUSING COUNSELING AND LEGAL AID
Tuesday, June 4, 2013
WASHINGTON, DC - Earlier today, Attorney General Pam Bondi joined Florida Governor Rick Scott for the signing of Florida Senate Bill 1852, which appropriates the remaining $200 million of the State’s payment from the National Mortgage Servicing Settlement.
HUD Secretary Shaun Donovan issued the following statement regarding the bill being signed into law:
"We are pleased to see that Florida has designated $50 million of its payment from the National Mortgage Servicing Settlement for its State Housing Initiative Program and legal aid. These funds, in combination with the initial $15 million that Attorney General Bondi has previously designated for housing counseling and legal aid, will provide vital assistance to struggling homeowners. Attorney General Bondi has been a key partner in our national efforts to hold banks accountable and ensure that settlement proceeds are used so that homeowners can benefit directly.
Nationally, nearly $380 million has been designated for housing counseling and legal aid as a result of the National Mortgage Servicing Settlement. Combined with the over $50 billion in consumer relief and the $1.5 billion state attorneys general will mail out this month, this is another example of how the settlement has made a profound difference for struggling homeowners across the nation."
HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov. You can also follow HUD on Twitter at @HUDnews or on Facebook at www.facebook.com/HUD. or sign up for news alerts on HUD's News Listserv.