Watch CBS News

Gov. Rick Scott Signs Off On Mortgage Plan

TALLAHASSEE (CBSMiami/AP) – Governor Rick Scott has signed off on a $200 million plan in order to fund a variety of housing programs.

The Mortgage Settlement Bill (SB 1852) was approved on Tuesday after major banks and 49 states agreed on a national mortgage settlement last year.

The plan will set aside money for everything from domestic violence shelters to affordable housing programs and Habitat for Humanity.

In January, House Speaker Will Weatherford  said there was no intention to do a "bait and switch" and use the settlement money to replace programs already receiving state funding.

However, the final state budget diverted money from trust funds set aside for affordable housing into other programs.

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.