Type to search

Banking Community Government News

Denn asks state legislators to aid low-income areas

Share

WILMINGTON, Del. (AP) — Attorney General Matt Denn is calling on lawmakers to use $29 million in settlements from banks to help low-income communities in Delaware.

Denn announced his proposal Wednesday for the remaining funds received from Bank of America and Citigroup to resolve allegations that market misconduct contributed to the financial crash in 2008.

Denn is proposing to spend the funds on substance abuse treatment, prison re-entry programs, community policing and community support, help providing affordable housing, foreclosure assistance, after-school and summer programs for students.

Lawmakers rejected a similar proposal from Denn in January and instead used $5 million to balance the state budget. Another $2 million was set aside to expand policing in high-crime areas of Dover and Wilmington. The Joint Finance Committee will meet in January.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.

Tags:

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Get the DBT Book of Lists

The definitive publication of contacts and key information from over 1,500 of Delaware's top businesses and organizations across 60 industries. 

No, thank you.

Free for a limited time! (Normally $50)

Stay updated with our free email newsletter

Keep up with the issues, companies and people that matter most to business in Delaware.

No, thank you.