Thursday, April 24th, 2014

Arizona Failed To Use Available Federal Money To Help Struggling Homeowners

moneyArizona has failed to pass along millions of dollars given to the state from Washington to help struggling homeowners avoid foreclosure. 

The Arizona Republic reports that Arizona spent only six-percent of $268-million allocated to help Arizona homeowners from mid-2011 through the end of 2012, despite being one of the states hit hardest by the housing bust.

By comparison, the most successful of the 18 states, plus Washington, D.C., that received federal funds to help homeowners had spent more than 45-percent of their federal government allocation by the end of last year.

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