Though the Hardest Hit Fund was established to act as a safety net for unemployed or underemployed working class Americans, a recent audit of the program found it’s not helping as much as it could.
Read More »Watchdog Calls on Treasury to Fix Blight Elimination Program
The Hardest Hit Fund was initiated in 2010 to help fund the states that suffered the most from the aftermath of the housing crisis. What recommendations did a government watchdog make to improve the program?
Read More »‘Hardest Hit’ Areas Get More Relief from Treasury
The Hardest Hit Fund (HHF) was created under the government's Troubled Asset Relief Program in 2010 to help the areas that were deemed to have been hit hardest by the financial crisis. How is the latest—and final—round of funding going to be disbursed?
Read More »The Fight to Eliminate Blight Continues
While a fast track foreclosure bill aimed at eliminating blight awaits a vote in the Ohio State Senate, the U.S. Senate in Ohio has taken action.
Read More »Treasury to Provide More TARP Funds for Hardest Hit Communities
The latest allocation to the Hardest Hit Fund from the government's Troubled Asset Relief Program, which totals $2 billion, is the fifth round of HHF funding aimed at helping struggling homeowners and stabilizing neighborhoods.
Read More »How Successful Has TARP Been After Seven Years?
The economy has experienced 67 straight months of private sector job growth and the unemployment rate is at its lowest level since 2008 (5.1 percent), serving as " proof that the broad-based federal response to the financial crisis was effective in stabilizing our economy and setting the table for sustainable growth," the authors said.
Read More »Treasury Prices Auctions for $15.4 Million in Preferred Stock as Part of TARP Wind Down
The U.S. Department of Treasury has priced auctions of preferred Capital Purchase Program (CPP) stock for five institutions as part of the government's strategy to wind down the Troubled Asset Relief Program (TARP) and recover remaining CPP investments, according to an announcement from Treasury.
Read More »Treasury’s Efforts Recover Another $30 Million in TARP Funds for Taxpayers
The U.S. Department of Treasury recovered approximately $30 million for taxpayers through the sale of First BanCorp common stock, according to an announcement from Treasury on Monday.
Read More »Agency Has Recovered $1.48 Billion In Funds From TARP-Related Crimes
Investigations conducted by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) into crime and civil violations of the law related to the government's TARP program have resulted in the recovery of more than $1.48 billion as of December 31, 2014, according to an announcement from SIGTARP.
Read More »Florida Man Receives 21-Month Prison Sentence for Fraud
A Florida man has been sentenced to 21 months in federal prison for a fraud scheme perpetrated against businesses and individuals seeking lines of credit, according to an announcement on Friday from Christy Romero, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).
Read More »