April 2011 Archives

Senate panel diverts low-cost housing funds

TALLAHASSEE — A proposal that would permanently divert at least $194 million annually in real estate-related taxes from Florida’s affordable housing program to general state spending won approval Friday from the Senate Budget Committee.
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Foreclosure assistance program taking claims

A $1 billion program aimed at helping homeowners avoid foreclosure kicked off Monday, though it is less ambitious than originally proposed.
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‘Redeploy the money’

On April 7, the state Senate approved a bill that would maintain the document stamp tax funding the Sadowski trust, but would divert the money to the state’s general fund. Sen. Don Gaetz, R-Niceville, chairman of the Senate Budget Subcommittee on Transportation, Tourism, and Economic Development Appropriations, said the bill was introduced in response to a proposal by Gov. Rick Scott to eliminate the Sadowski trust fund.
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Advocates fear loss of state fund to help Jacksonville homebuyers Florida Times-Union

The Jacksonville Housing and Neighborhoods Department approved 26 Jacksonville residents last week to receive about $15,000 each in down payment assistance so they could qualify to purchase new or existing homes.
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