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A 3459 - Foreclosure Assistance Appropriations - New Jersey Key Vote

Stage Details

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Title: Foreclosure Assistance Appropriations

Vote Smart's Synopsis:

Vote to pass a bill that appropriates $12.5 million in state funding from the Long Term Obligation and Capital Expenditure Fund to the Department of Community Affairs and the Administrative Office of the Courts to provide mediation and counseling services related to foreclosure proceedings.

Highlights:

- Allocates the appropriation as follows (Sec.1):

    - $9.5 million to the New Jersey Housing and Mortgage Finance Authority for foreclosure mediation; - $2.5 million to the New Jersey Housing and Mortgage Finance Authority for mortgage counseling; and - $500,000 to the Administrative Office of the Courts for foreclosure mediation.
- Appropriates $51.47 million in federal funds under the Housing and Economic Recovery Act of 2008 to the Department of Community Affairs for the Neighborhood Stabilization Program (Sec. 2).

See How Your Politicians Voted

Title: Foreclosure Assistance Appropriations

Vote Smart's Synopsis:

Vote to pass a bill that appropriates $12.5 million in state funding from the Long Term Obligation and Capital Expenditure Fund to the Department of Community Affairs and the Administrative Office of the Courts to provide mediation and counseling services related to foreclosure proceedings.

Highlights:

- Allocates the appropriation as follows (Sec.1):

    - $9.5 million to the New Jersey Housing and Mortgage Finance Authority for foreclosure mediation; - $2.5 million to the New Jersey Housing and Mortgage Finance Authority for mortgage counseling; and - $500,000 to the Administrative Office of the Courts for foreclosure mediation.
- Appropriates $51.47 million in federal funds under the Housing and Economic Recovery Act of 2008 to the Department of Community Affairs for the Neighborhood Stabilization Program (Sec. 2).

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