Foreclosure aid program being reviewed - New York News | NYC Breaking News

Foreclosure aid program being reviewed

Posted: Updated:

TRENTON, N.J. (AP) -- Assembly Democrats will examine what they say is the Christie administration's failure to help more New Jerseyans facing foreclosure.

Two Assembly panels on Wednesday will hear from homeowners and Community Affairs Commissioner Richard Constable.

The administration has been slow to distribute $300 million in federal foreclosure aid. The New Jersey HomeKeeper program provides zero-interest, deferred payment mortgage loans up to $48,000.

The program distributed $42 million through its first 7 months, approving an average of eight grants a month.

Gov. Chris Christie says the department has added staff to process applications and corrected other deficiencies in how the program is administered.

New Jersey's foreclosure rate is among the highest in the country.

  • New Jersey NewsNew Jersey News

  • Thursday, May 23 2013 7:23 AM EDT2013-05-23 11:23:09 GMT
    New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
    New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
  • Thursday, May 23 2013 6:51 AM EDT2013-05-23 10:51:37 GMT
    (AP Photo)
    New Jersey's invasion of cicadas has started in the wake of two days of warm weather.
    New Jersey's invasion of cicadas has started in the wake of two days of warm weather.
  • Thursday, May 23 2013 6:46 AM EDT2013-05-23 10:46:23 GMT
    For the first time in 17 years, millions of cicadas are expected to emerge from the soil in the tristate region this summer. The bug-like creatures are harmless to humans. 
    For the first time in 17 years, millions of cicadas are expected to emerge from the soil in the tristate region this summer. The bug-like creatures are harmless to humans. Cicadas live in the soil and make a familiar buzzing sound.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2013 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices