“I am committed to making sure every Arizonan who is eligible for National Mortgage Settlement assistance gets it,” Horne said. “Approximately $41 million, which comes from a combination of a portion of the National Settlement and Arizona’s unique settlement with Bank of America, will be used to help keep people in their homes and for consumer restitution. There will also be funding for enforcement so as to ensure that the terms of the settlement are adhered to, as well as money for housing counseling, legal assistance and a communications plan designed to let eligible borrowers know what programs are available.”
A detailed breakdown of the use of the funds can be found here (pdf).
