A legislative budget panel will meet next week to parcel out $60 million to aid troubled homeowners as part of an agreement between Attorney General Pam Bondi and legislative leaders over how to spend some of a foreclosure fraud settlement with five large banks.
The agenda for next week’s meeting of the Joint Legislative Budget Commission was released Thursday, providing the first breakdown of how the $60 million will be spent. Most of the money, $45 million, will go to the Florida Housing Finance Corp. to help with down payment assistance and housing counseling for eligible homeowners. Bondi’s office will receive $5 million in legal fees, another $5 million will go to the State Courts System to help pay for foreclosure cases, and the remaining $5 million will go to legal aid services throughout the state that counsel foreclosure defendants.