- Housing and Economic Recovery Act 2008 Summary

This report summarizes the key components of the federal government’s latest response to the foreclosure crisis. The Act establishes the Hope for Homeowners program to assist financially distressed homeowners with refinancing of mortgages. The Act also provides states and local governments with funding to help address the problem of abandoned and foreclosed properties. Other components of the Act are also briefly described.
- Title III, Housing and Economic Recovery Act of 2008
(1.16 MB)
Title III of The Housing and Economic Recovery Act of 2008 provides $3.92 billion in federal funds to support local community efforts to address high levels and rates of foreclosure. Florida is number two in the nation behind California in the number of properties currently in the foreclosure process and Miami-Dade County has the greatest number of properties in foreclosure in Florida. Miami-Dade has been among the nation’s hardest hit metropolitan areas in terms of foreclosures and, based on the funding parameters contained in the legislation, the County should receive a significant proportion of the total federal allocation. This presentation summarizes current foreclosure conditions and the key provisions of the Title III.
- Foreclosure Assistance and Prevention Task Force Report

Report of the multi-departmental internal Task Force convened by the County Manager in May 2008 and charged with evaluating alternatives and identifying funding sources to assist residents impacted by the mortgage foreclosure crisis.
- Economic Impact of Recession on Miami-Dade County

Report providing an analysis of current economic conditions and the potential impacts of a national recession.
- Current Economic Conditions and Short-term Outlook

Report containing a brief overview of national and local economic environment, including the current macroeconomic conditions in Miami-Dade and the factors shaping the economic outlook for the rest of 2008 and 2009.
Economic Data and Other Reports
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