Housing Finance Agency Innovation Fund
Money for States Hit Hardest by Crisis
19
recipients$7.6B
promised$3.791B
actually invested, loaned, or spentXML
Download
Find bailouts in your state:
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
- Our bailout recipient list tracks the companies to which Treasury has committed money.
This program will provide up to $7.6 billion to fund "innovative measures" to help families in the states that have been hardest hit by the aftermath of the burst of the housing bubble.
Ten states received a total of $2.1 billion for plans targeted at steep home price declines and unemployment. Those states are California, Florida, Arizona, Michigan, Nevada, North Carolina, Ohio, Oregon, Rhode Island, and South Carolina.
In order to receive funds, each state's housing finance agencies had to submit plans to the Treasury Department for evaluation. Treasury says all program designs will posted online.
In August of 2010, the Treasury Department announced that another $2 billion would go to 17 states and Washington, D.C. for programs targeted at helping unemployed homeowners. All of the recipients are listed below.
The next month, the Treasury upped its commitment to $7.6 billion.
Go to list of all initiatives and programs
For our blog, resources and more, see our main bailout page.
The following list shows the 19 recipients of Housing Finance Agency Innovation Fund.