A federal program that offered more than $1 billion to homeowners struggling to keep their homes, apparently helped three states in particular – Connecticut, Maryland, and Pennsylvania – though 32 states and U.S. territory Puerto Rico were open to the funds.
In the end, just over half of the $1 billion allotted was spent and while the number of people in need of assistance was high, less than 15,000 households were approved, while it was expected that at least 30,000 would receive help.
Though the Emergency Homeowners’ Loan Program was offered in the states (and Puerto Rico) based on population and unemployment, about half of the money spent went to Connecticut, Maryland, and Pennsylvania.
The Department of Housing and Urban Development (HUD) initially sent $179 million to these three states, but an additional $46 million was sent after they went through the first allotment.
