Press Release of U.S. Senator Barbara Boxer
|For Immediate Release: |
February 19, 2010
Washington D.C. Office (202) 224-3553
Boxer Lauds New Assistance for Struggling California Homeowners
Washington, D.C. – U.S. Senator Barbara Boxer (D-CA) today lauded President Obama’s announcement that he will direct $1.5 billion dollars to five states, including California, to address the housing crisis.
Senator Boxer said, “I am pleased that President Obama recognizes that California and other states hit hard by the housing crisis still need additional resources. While there is still more to do, this investment will provide help to homeowners who are struggling during these tough economic times and are at risk of losing their homes. I will continue to work closely with the Administration and state officials to make sure these funds help keep families in their homes.”
The “Help for the Hardest-Hit Housing Markets” Program will direct funding to state housing finance agencies in California, Nevada, Arizona, Michigan and Florida to address the housing crisis at the local level. It is supported by the Troubled Asset Relief Program.
For more information on the program, go to http://www.whitehouse.gov/the-press-office/help-hardest-hit-housing-markets.