What is the Hardest Hit Fund?

As a way to curb the growing slew of foreclosures across the nation, the Obama administration launched the Financial Stability Act in 2009. The government program included a $75 billion budget specifically allotted to help keep the roof over the heads of struggling owners. $2.1 billion of those funds were specifically put aside to help homeowners in the states most deeply affected by the mortgage meltdown in a program simply dubbed the “Hardest Hit Fund.”

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