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Monday, April 6, 2020

Delaware AG proposes financial crisis settlement funds to be used to build communities

By Mark Iandolo | Jan 5, 2016


DOVER, Del. (Legal Newsline) – Delaware Attorney General Matt Den, backed by community leaders, has revised his proposal for using funds from the financial crisis settlement on crime prevention, housing, substance abuse treatment, after-school and summer school programs, prisoner re-entry, and education.

“Our proposal in January, and our proposal today, is that these funds be used to help lift up our state’s hardest-hit communities,” Denn said. "That is what is called for by the settlement agreement, and speaking for a moment as an elected official whose top priority is fighting violent crime, investing in these communities is also what we should be doing if we really want to bring down the rate of violent crime.”

Denn announced his original plan, titled Lifting Up Delaware's Communities, last January, wanting to use funds received from Bank of America and Citigroup. The amount of funds available is approximately $29 million today.

The proposal is backed by representatives of atTAcK Addiction, Stop the Violence Prayer Chain, the Wilmington HOPE Commission, New Castle County Police, Red Clay Education Association, Safe United Neighborhoods, the Wilmington Education Improvement Commission, Boys & Girls Clubs of Delaware and New Castle County Councilman Jea Street.

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Organizations in this Story

Delaware Attorney General's OfficeCitigroup