Mortgage settlement helps balance Alabama budget

A $25 billion national settlement with five big mortgage companies is helping balance Alabama's operating budget. The office of Alabama Attorney General Luther Strange is receiving $25.3 million from the settlement. Of that amount, $19.3 million will be used from 2013 through 2015 to pay for operations in the attorney general's office and in district attorney's offices stateside. ACPP and the Low Income Housing Coalition of Alabama are urging state officials to put some of the money into the newly created Alabama Housing Trust Fund to help provide affordable housing for low-income residents.

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