During a speech in Henderson, Nevada, President Obama today announced $1.5 billion in funding to help struglling homeowners in states hit hardest by decling home values and unemployment. The effort is expected to help state agencies in California, Nevada, Arizona, Florida and Michigan, according to reports. The money will come from the Troubled Asset Relief Fund (TARP).

Here are several accounts of the announcement:

 

· DS News: Obama Pledges $1.5B for Unemployed and Underwater Homeowners

· Real Estate Economy Watch: Obama Aids Big Bust States

· White House.gov: Helping the Hardest Hit Housing Markets

· USA Today: Obama unveils $1.5 billion plan for homeowners

· MarketWatch: Obama targeting homeowners with $1.5 billion in assistance

BusinessWeek: Obama Announces $1.5 Billion in Aid for Homeowners

 

Fiona Barone- Sales Associate & Anthony "Tony" Barone (Retired Broker Associate)
RE/MAX At Barnegat Bay & RE/MAX International Inc.
1130 Hooper Ave, Toms River NJ 08753
Office # 732-914-0074
Cell # 732-674-2904
International calls please dial 001-732-674-2904
www.fbarone.remax-nj.com

 

3 Comments on Obama Pledges $1.5 Billion for Homeowners

FEB
22
2010
288,418 Points 1 Featured Post Localism Sponsor Attended Rain Camp

Anthony ~ I hope it works and as the government doesn't put too many stipulations.

7:38pm • #1
133,596 Points 3 Featured Posts Attended Rain Camp

Anthony, I think we can use some of that money in NJ. I spend my summers across the bay from you and our values over there took a serious hit.

7:38pm • #2
FEB
23
2010
222,961 Points

I think that there is not enough $$$ to go around and after every "soldier & Capo" takes thier cut there is usually not much left. Every other seller I speak with is loosing thier home and the buyers are boarderline at best. People should be buying in the 500K+range soon as those are the buyers/sellers who will forsee rising intrest rates/prices due to less gov.backed mortgages.

1:37pm • #3


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Fiona Barone

Lavallette, NJ

More about me…

Fiona Barone

Address: 1130 hooper ave, http://www.fbarone.remax-nj.com, Toms River, NJ, 08753

Office Phone: (732) 914-0074 x 302

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Just a hard working team with RE/MAX At Barnegat Bay in Toms River, New Jersey. If you want to know whats going on stay tuned


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