Biz Blog

Choose a blog

North Carolina to receive $159 million in federal housing aid

Bookmark and Share

The Obama administration unveiled a $600 million financial aid package for five states, including North Carolina, that are plagued by high unemployment rates.

North Carolina is eligible to receive $159 million of the aid, which will go to housing agencies in states with counties where the unemployment rate is above 12 percent.

In addition to North Carolina, the other four receiving a piece of the $600 million are Ohio, Oregon, South Carolina and Rhode Island.

The money is intended to prevent foreclosures.

It comes on the heels of the Obama Administration pledging $1.5 billion in funding for states that have seen the biggest decline in housing prices: Arizona, California, Florida, Michigan and Nevada.

Comments

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Recover-Use Halliburton/KBR/Blackwater's Fraudulent Profits

Army Auditors, GSA, federal auditors working in KATRINA RELIEF, IRAQ AND AFGHANISTAN have identified enormous fraud.

All the big "No-Bid" contract players blatently defrauding US.

Several of those thieves are well known for close ties to a former  administration -- Try Halliburton, Kellon-Brown&Root and Blackwater. 

Bankers rewarded themselves with BILLIONS in bonuses for detroying their companies and globl economies.

Cut the corporate, Fat Cat welfare programs, recover the stolen money and use it for hard working people.

Remove the tax breaks for employers who moved North Carolina jobs to China. Let those companies repay their fraud achieved profits. 

CUT CORPORATE WELFARE.

Start cracking down on illegal activities of no-profits, religious groups, polit ical activity groups and political parties, issuing serious fines -- 200% of total used illegally would be  good start,  boost the federal treasury and get their attention.

There is nothing wrong with providing a break for couples who have had a half dozen, dozen or even 15 [real people] mills and factories close down and send jobs overseas.

As taxpayers, we rewarded the companies for moving jobs to China -- How about some of the folks who had their jobs shipped out?

Oh yes, how about a stopping of the other Banker's Bonus?

Instead of  letting banks recover half of their losses on foreclosures, let them go it alone and if they foreclose, give them 60 days to sell the foreclosed property to private buyers.

 

Free Money!

Its raining dollars here just like in Israel, Afghanistan and Iraq! Obushma - you the man!

Obama's Rules --- Let other's pay your way

I'll have to start teaching my children the new rules under Obama.

If you sacrifice, study hard, work hard, save your money, and pay your bills on time --- you get called names in the media and the gov't takes your money and gives it to someone else.

If you skip school, sit on the couch, spend all your money, and then buy even more on credit, and then buy a house you can't afford ---- just wait for the gov't to bail you out by giving you the money from the idiots that played by the rules.

Just be a leech on society and suck the blood out of someone else.

another bribe

This is so people will not be paying for their homes at election time. Bet it doesn't even get used for another month or two.

After it's over. . .

The Chinese will move to America, live in our McMansions that we bought on frivolously-borrowed money, and we will go to China and work in the rice paddies, live in little shacks, and wonder where on earth our next meal is coming from. The antidote?--cut back, be frugal, stop taking government handouts, ask what YOU can do for your country. And that goes for you, too, Pelosi, and the Grand Socialist Movement.

Excuse me

. . . but don't you mean "in CHINESE government housing aid"??????????????

New Bern's Piece of the Pie!

So when they had the last stimulus money, they put new sidewalks in the local housing area that had very good sidewalks already, but a high crime rate and little police visibility..but they got GREAT sidewalks! It gets better..they hired a contractor that had mostly Mexican workers and they were sending much of the money back to Mexico, that's helping my Country?. When we asked how many new employees they hired, they said it was not something they comment on. I almost don't blame them.

reminds me of

I'll gladly pay you Tuesday for a hamburger today.

GIMME MY GUBMINT MONEY!

So who gets bailed out this time? We should have the list posted right down to the penney. BIG BROTHER just gets BIGGER AND BIGGER. Everyone save your money because it won't be long that you won't have to leave the States to see Western Europe. I know I have got to be ENTITLED for something.....they have covered everyone else by now.

Just be quite and work for others

The gobnmint don't owe you nuttin'.  Obama needs a few hard working idiots that everyone else can leech off of.

 And you are among the few lucky idiots who must continue to work hard and sacrifice so that Obama and take the fruit of your labor and donate it to the people of his choice.

 

This is gov't kontrolled slavery --- the indentitured servitude of one segment of working serfs who get nothing, but must pay for others to receive Obama's State-kontrolled entitlements.

here's where the rubber meets the road!

les see how the beautiful Governess handles this ...

Where does all the money go?

$159M and people you and I know will still lose their homes and we won't know anyone whose home was actually saved with this money.

Remember this little tune

Obama won't ya buy me a Mercedes Benz my friends all drive Porsche's I must make amends.

AMERICA IS BEYOND BROKE!

AMERICA IS BEYOND BROKE!

Gimme My Gubmint Money!

Br'er Rabbit say,

Gimme my Obamy Gubmit Welfare money. We be done good, mo' free money from Uncle O.

We be likin' dis Obamy Socialist Utopia!

Cars View All
Find a Car
Go
Jobs View All
Find a Job
Go
Homes View All
Find a Home
Go

Want to post a comment?

In order to join the conversation, you must be a member of newsobserver.com. Click here to register or to log in.

About the blogger

Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or e-mail him.
Advertisements