March 2013: Cumulative Rate of Oregon Hardest Hit Housing Fund TARP Draw Downs Is Double National Average.

A new SIGTARP report as of March 31st has been published HERE. 

In prior post HERE, I provided a Dec 2012 summary of Hardest Hit Housing Fund spending by state, including an Excel worksheet. That same worksheet is included in the updated Excel file HERE, and embedded below, but the initially visible worksheet is a new one focusing on draw downs as of March 31st. 

Some Observations on March 2013 Spending:

1. Oregon's cumulative drawn down rate of 58% was more than double the national average rate of 27%. 
2. Oregon drew down $20.5 million in the first quarter of 2013, vs a total draw down of $48 million in CY 2012.
3. While Oregon's cumulative draw down ranking slipped from 2nd to 3rd, the areas with higher drawn down rates (Rhode Island and DC) had substantially smaller amounts to spend. 

Originally created and posted on the Oregon Housing Blog.