Published April 25, 2008, 12:00 AM
Homeowners struggling to make mortgage payments could receive help from the Minnesota Finance Agency under a bill senators preliminarily passed Thursday.
Foreclosure aid advances
State NewsHomeowners struggling to make mortgage payments could receive help from the Minnesota Finance Agency under a bill senators preliminarily passed Thursday.
By: Don Davis, Minn. Capitol Bureau Chief, Forum Communications
Homeowners struggling to make mortgage payments could receive help from the Minnesota Finance Agency under a bill senators preliminarily passed Thursday.
The bill could be on the governor’s desk next week.
“Minnesota, like the rest of the country, is facing a mortgage foreclosure crisis of proportions not seen since the Depression,” Sen. Linda Higgins, DFL-Minneapolis, said.
“The problem is spreading throughout the state, from the Twin Cities, through the suburbs and into greater Minnesota,” she added.
The measure increases the amount the housing department is allowed to provide families.
Tags: minnesota_news, legislature, foreclosures
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