Troubled Asset Relief Program (TARP) funds will help stabilizing housing market in hardest hit communities
WASHINGTON, DC –(ENEWSPF)--February 19, 2016. Congresswoman Robin Kelly (D-IL) announced today more than $100 million in additional Troubled Asset Relief Program (TARP) funding for Illinois through the U.S. Department of the Treasury.
The funding will support the Treasury Department’s Hardest Hit Fund program, which allows participating state Housing Finance Agencies to continue assisting struggling homeowners and stabilizing neighborhoods in Illinois’ hardest hit communities. Illinois’ HHF program will receive $118,174,500 in additional funding.
“A stable housing market is the foundation . . .