Friday, April 16, 2010

Arizona Goes the Summary Route with Their Hardest Hit Plan Post; California Claims They CAN'T Disclose How They Plan to Spend $700 Million from TARP.

Arizona Goes the 4 Page Summary Route: Arizona's 4 page summary of how they plan on spending $125.1 million HERE is one page longer than Michigan's web posting.

California: We Can't Disclose How We Plan on Spending $700 Million in TARP Funds.

This will come as a big surprise to Florida's HFA (who has published their plan on the web) but the California Housing Finance Agency is CLAIMING they CANNOT disclose the plan because (wait for it) Treasury won't let them. This is what the California HFA has said on their website:

"we have been informed by the U.S. Treasury that the Hardest Hit Program proposals are to be treated as confidential, and at this time, we do not have a timeframe for when Treasury will provide us with a response to our proposal. These documents are exempt from disclosure under application provision of the Freedom of Information Act. The California Public Records Act specifically exempts such federally exempt documents from disclosure"
I don't know how many of you listen to Car Talk on NPR, but to quote both Click and Clack (Tom and Ray) this feels totally B-O-G-U-S to me and I sure hope someone in California challenges this assertion.

Nevada: I don't see anything yet.

Originally created and posted on the Oregon Housing Blog.

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