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Ananiah Pearce

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Springhill Group Home - Speed The Help For The Nevadans’ Homeowners
Apr 29, 2013

$200 million from federal government was given to Nevada to avoid homeowners from losing their homes. Nevada had the highest foreclosure rate in the nation but a Reno Gazette-Journal analysis of the fund distribution confirms that the money was almost intact in the past two years.

Nevada only spent $21 million of the $194 million it was to be paid to homeowners facing foreclosure, this means only 11% of the money it received through the Obama administration's Hardest Hit Fund, this is according to the most recent reports of the analysis of U.S. Treasury the third quarter of 2012

"This is government bureaucracy at its finest," said Victor Joecks, communication director of think tank Nevada Policy Research Institute. "They can't even give away $200 million. This program is a perfect example of why government shouldn't pick winners and losers in the economy."

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