New DH calendar
Article updated: 12/22/2012 11:32 PM

Madigan earmarks $70 million for foreclosure help

text size: AAA
By Associated Press

CHICAGO -- Illinois Attorney General Lisa Madigan says her office is designating up to $70 million to help people and communities affected by the foreclosure crisis.

The money comes from the state's portion of a national foreclosure settlement with mortgage companies over allegations of fraudulent practices.

Advertisement

Madigan says the money will be used for counseling services for families. It also will provide relief to communities where properties were left vacant and abandoned.

Her office is seeking proposals on how to spend the money for housing counseling services for homeowners and renters and for neighborhood redevelopment.

Proposals are due by Feb. 15.

Earlier this year, Madigan distributed $20 million in legal assistance for borrowers and renters. She said $3 million would be used to start county foreclosure mediation projects.

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Latest Video

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    MarketsReport

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity

    BusinessDirectory

    Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

    Don't see your town listed? Visit our full directory to begin your search.