ORLANDO, Fla., May 9, 2012 – As a strong advocate for affordable housing, Florida Realtors® urges Florida Attorney General Pam Bondi to put the Sadowski Housing Trust Fund at the top of the state’s list to receive some of an expected $300-plus million due from the recent foreclosure legal settlement with five of the nation’s largest banks.
Florida Realtors and other groups belonging to the Sadowski Housing Coalition say that at least $100 million of that money should go into the trust fund, which receives a portion of the state’s documentary stamp tax revenues. That funding supports affordable housing efforts across Florida, including the State Housing Initiative Program (SHIP) and State Apartment Incentive Loan program (SAIL).
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