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by BLACK ENTERPRISE Editors

September 25, 2012

NJ Governor Not Using $300 Million in Funds to Help Foreclosure Victims

From Huffington Post

A new report by WABC suggest that New Jersey Governor Chris Christie hasn’t used more than $300 million in federal funds allocated for his state to help foreclosure victims.

The state of New Jersey currently suffers the nation’s second highest foreclosure rate. The state received $300 million in funds in the government’s “Homekeeper Program” which would help owners in danger of foreclosure to stave it off.

To date, WABC is reporting that the state has only doled out $4 million of the $300 million to homeowners in danger of foreclosure.