ATTORNEY GENERAL ANNOUNCES 100 PERCENT OF $51.17MILLION IN FORECLOSURE-PREVENTION EFFORTS HAVE BEEN DISTRIBUTED
DENVER— Colorado Attorney General John Suthers and Governor John Hickenlooper announced today that Colorado has completed arrangements for distribution of all of the $51.17 million it received under the multistate settlement with the country’s five largest banks. As announced in March this year, that settlement fund is to be used statewide for homeowner relief and foreclosure-prevention programs. In the last two weeks, Colorado has completed distribution of most of the money.
- $24 million for supplemental loan-modification programs;
- $18.196 million for affordable housing programs;
- $5.625 million for housing counseling through the state;
- $1.5 million for Colorado Legal Services;
- $750,000 for temporary staffing at the Attorney General’s Office;
- $600,000 for the Colorado Foreclosure Hotline; and,
- $500,000 for marketing and outreach efforts.
DateOctober 18th, 2012
AuthorCarolyn A. Tyler