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Old 09-26-2008, 03:49 PM
 
Location: East Tennessee
3,927 posts, read 10,581,698 times
Reputation: 5235

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I just heard the following and wanted to share

Fla. Gets Big Cut From Foreclosure Grant To Prevent Blight
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Old 09-27-2008, 09:51 AM
 
137 posts, read 499,941 times
Reputation: 70
I noticed no money for Hernando County. Hernando was hit really hard by foreclosures, it's a shame.
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Old 09-27-2008, 10:37 AM
 
Location: Hernando County, FL
8,488 posts, read 18,531,670 times
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Quote:
Originally Posted by sange77 View Post
I noticed no money for Hernando County. Hernando was hit really hard by foreclosures, it's a shame.
It probably has to do with the moronic county government not filing the right paperwork like they did a couple years ago when the also missed out on millions in grants.
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Old 09-27-2008, 12:08 PM
 
Location: East Tennessee
3,927 posts, read 10,581,698 times
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Quote:
Originally Posted by sange77 View Post
I noticed no money for Hernando County. Hernando was hit really hard by foreclosures, it's a shame.
As Mike mentioned above, if Hernando County officials qualified, it's not too late to get financial aid from Florida's allocation pool. More here --> http://www.tampabay.com/news/localgo...icle829792.ece

One of the most poignant phrases I've read lately came from George Romagnoli, Pasco County's community development manager, "Ironically, we've created a great solution to our affordable housing needs," he said. "In the misery of others we're going to help other people."

Here's a link to the entire article --> HUD to send $70M in housing aid - St. Petersburg Times

Last edited by TampaKaren; 09-27-2008 at 12:23 PM..
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Old 09-28-2008, 05:13 PM
 
Location: Saugerties N.Y.
11 posts, read 48,977 times
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Hey even though i don't live in florida i was wondering at what cost will the county's be paying for these houses.will it be what is owed to the banks or appraised value.just a thought.
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Old 09-28-2008, 05:46 PM
 
1,080 posts, read 4,252,654 times
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Default Facts

Quote:
Originally Posted by Mike Peterson View Post
It probably has to do with the moronic county government not filing the right paperwork like they did a couple years ago when the also missed out on millions in grants.
Mike, According to the St. Pete Times, Hernando County didn't qualify because we don't have 200,000 residents.
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Old 09-28-2008, 06:45 PM
 
Location: Hernando County, FL
8,488 posts, read 18,531,670 times
Reputation: 5397
Quote:
Originally Posted by Songbird42 View Post
Mike, According to the St. Pete Times, Hernando County didn't qualify because we don't have 200,000 residents.
They have missed funding deadlines before and this excerpt from the above article tell how on top of things they are.

"They just learned of the program in the past two weeks, and on Friday federal housing officials announced how they would distribute the dollars. Some larger communities already know how much they will get, but $91-million was set aside for the state to divvy up for smaller communities such as Hernando."

The Housing and Economic Recovery Act of 2008 was passed this summer.
I would think our overpaid County Commisioners should have known about it sooner.
I mean, we have been discussing it on here for months.

They should have known about it and already had a plan in place to get our share.
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Old 09-28-2008, 06:47 PM
 
Location: Hope, AR
1,505 posts, read 2,869,817 times
Reputation: 249
So what does this mean for the RE market?
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Old 09-29-2008, 07:24 AM
 
137 posts, read 499,941 times
Reputation: 70
Quote:
Originally Posted by Mike Peterson View Post
They have missed funding deadlines before and this excerpt from the above article tell how on top of things they are.

"They just learned of the program in the past two weeks, and on Friday federal housing officials announced how they would distribute the dollars. Some larger communities already know how much they will get, but $91-million was set aside for the state to divvy up for smaller communities such as Hernando."

The Housing and Economic Recovery Act of 2008 was passed this summer.
I would think our overpaid County Commisioners should have known about it sooner.
I mean, we have been discussing it on here for months.

They should have known about it and already had a plan in place to get our share.
I read that too in yesterdays paper. That's ridiculous. They should fire the person who looks for grants because they are not doing a good job. They shouldve known about this. The article also stated that Hernando County is in Florida's top 10 for the highest percentage of foreclosures.
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