Foreclosure Funding Dance

Back in November, Rep. Joe Courtney sent a letter to Gov. Jodi Rell complaining that eastern Connecticut had been overlooked when federal stimulus dollars intended for foreclosure assistance were distributed.

Well, according to this editorial in The Day from Tuesday, New London and Norwich (along with Danbury) will receive some of the money after all. However, the piece points out that the way in which the money was distributed seemed more about politics than about a fair distribution of funds to places that need it most.

The problem was that the money was distributed by DECD based on total number of foreclosures in a town, not on the percentage of foreclosures. Eastern Connecticut, with its much smaller population, therefore got shut out. It’s good that some of the money will eventually make it to two eastern Connecticut cities, but it’s too bad that Plainfield, the town with the highest foreclosure rate in the state, still seems to be getting nothing. Good for Rep. Courtney for identifying the problem and trying to fix it.

Advertisements

3 responses to “Foreclosure Funding Dance

  1. In the Middle

    Good for Rep. Courtney for identifying the problem and trying to fix it.

    It seems that whenever there is good news about someone standing up for the proverbial ‘little guy’ it’s likely coming from Joe Courtney’s office.

    Here’s another little nugget from The Day today:

    Vet Van

    Published on 4/22/2009
    Tax dollars are being thrown around a lot these days, to bail out banks that made reckless loans and investments, to keep auto companies motoring on and to stimulate our economy. While these massive investments have many people grumbling, one small investment announced this week should generate some smiles.

    U.S. Rep. Joe Courtney, D-2nd District, announced Monday that his office has secured a second van to provide rides for disabled veterans to the Newington and West Haven medical centers. In making the announcement at a VFW Post in Jewett City, Courtney was joined by 10 volunteer drivers, all veterans. It is hard to think of a more important investment than helping those who served the country get the medical care they need.

  2. but it’s too bad that Plainfield, the town with the highest foreclosure rate in the state, .

    I looked at the foreclosures in Windham country since June of ’08, and both Canterbury and Sterling had higher rates if you look at the number of foreclosures vs the number of homes according to the US Census data…

  3. Oh Joe he is really good at spending other peoples money.

    And stop with the veterans stuff, the Dems will not support our troops when they are fighting, but when they are home and voting they (Dems) are always around. Give me a break.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s