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Chris Christie Acknowledges Shortcomings Of Relief Program,[link widoczny dla zalogowanych]
New Jersey Governor Chris Christie acknowledged on Tuesday that a state-operated, but federally funded,[link widoczny dla zalogowanych],foreclosure relief program has not been working "the way it's supposed to,[link widoczny dla zalogowanych]," leaving many distressed homeowners without much-needed help.
The Philadelphia Inquirer first reported last month that New Jersey's Homekeeper Program,[link widoczny dla zalogowanych], which was launched in 2011 to alleviate the financial burden of certain underwater mortgages,[link widoczny dla zalogowanych], had doled out hardly any of the $300 million in funds allocated by the federal government. Last week,[link widoczny dla zalogowanych], the program's shortcomings became the subject of considerable scrutiny after WABC-TV's Jim Hoffer added his own voice to the fray,[link widoczny dla zalogowanych], exchanging heated words with the governor during an afternoon press conference.
According to Hoffer,[link widoczny dla zalogowanych], the Homekeeper Program had only allocated $4 million to distressed homeowners over more than a year of operation. A visibly annoyed Christie disputed that figure. The Inquirer put the amount dispensed at around $30 million,[link widoczny dla zalogowanych], still "the lowest percentage of federal money available to the 18 "hardest-hit" states." Richard Constable,[link widoczny dla zalogowanych], who oversees the program,[link widoczny dla zalogowanych], now puts the number at $42 million.
Christie claimed during his exchange with Hoffer that the reason for the program's inaction was a national moratorium on housing foreclosures. On Tuesday,[link widoczny dla zalogowanych], however, Christie acknowledged that,[link widoczny dla zalogowanych], even accounting for the moratorium,[link widoczny dla zalogowanych], more could have been done.
"Sometimes I know it's going to be shocking for everyone to hear, government doesn't always work the way it's supposed to,[link widoczny dla zalogowanych]," Christie said. He went on to tell reporters that he had spoken with Constable about ways to improve the program:
I said to Rich,[link widoczny dla zalogowanych], 'What other factors other than the moratorium has contributed to us only giving out $41 million of the $300 million?' He said our criteria were too stringent under the last Commissioner,[link widoczny dla zalogowanych], which caused more people to be rejected that should have been accepted.
He has increased the size of the staff from six to 41,[link widoczny dla zalogowanych], and plans to raise the number to 50 in the coming months. In addition,[link widoczny dla zalogowanych], Constable said,[link widoczny dla zalogowanych], the agency has reached out to faith-based organizations to raise awareness about the program and plans to broadcast public service announcements.
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