Friday, March 23, 2012

Formal comment period for new Housing Invesment Fund starting today

The Colorado Attorney General’s Office and the Colorado Division of Housing are issuing this notice to solicit public comments about the Colorado Housing Investment Fund that has been proposed for funding from the mortgage servicing / foreclosure processing settlement. Under the consent judgment which contains the terms of the settlement, Colorado Attorney General John Suthers recovered $51.17 Million in custodial funds that may be used for a variety of purposes, including funding for programs to prevent foreclosures, promote loan modifications and promote affordable housing.

See the full announcement: Full document.

See the full draft plan to review for comment: Draft plan.

See the first announcement for the comment period, posted on March 16.