‘Obama Lotto’ just announced the winners of its $3 billion redistribution game. The winners? Those who can’t afford their current home. The new entitlement program entitled, “Making Home Affordable” works like this:

“It will provide homeowners with emergency zero-interest rate loans of up to $50,000 for up to two years. The administration was required to launch the HUD emergency loan program by the financial regulatory bill signed by President Barack Obama last month.”

Those with winning tickets may claim their cash prize, but only if they are unemployed ‘homeowners’ facing foreclosure. This ‘required by Obama’ socialism comes on the heels of the previous homeowner bailouts via Bear Stearns $30 billion, Fannie and Freddie $400 billion, AIG $180 billion, Troubled Asset Relief $700 billion, Citigroup $280 billion, and Bank of America $142.2 billion.

CNN Money’s response to the first round of bailouts back in 2008:

“But the government didn’t ask its citizens before it committed hundreds of billions of taxpayer dollars to guarantee loans through various foreclosure prevention initiatives such as FHASecure and Hope for Homeowners, which let troubled borrowers refinance expensive mortgages into more affordable loans.”

Run by the Department of Housing and Urban Development, the Obama Lotto committee said they won’t know exactly how many winners there are until next month.

See if your state made the cut.

“California will get the largest share of money for the Treasury program, at $476 million. Florida is in line for nearly $239 million. Illinois will receive $166 million and Ohio will receive $149 million. Also receiving money are Michigan, $129 million; Georgia, $127 million; North Carolina, $121 million; New Jersey, $112 million; Indiana, $83 million and Tennessee, $81 million. Alabama is due to receive $61 million, South Carolina, $59 million; Kentucky, $56 million; Oregon, $49 million; Mississippi, $38 million; Nevada, $34 million; Rhode Island, $14 million; and Washington, D.C., $8 million.”

New York, not to be undone, is offering a special ‘Obama Lotto.’

“The Federal Housing Administration agreed in March to insure mortgages for apartments at the 98-unit Gramercy Park development, known as Tempo. That enables buyers to make a down payment of as little as 3.5 percent in a building where apartments are listed at $820,000 to $3 million. ‘It’s a government seal of approval,’ said Gollinger, a director at the Developments Group of New York-based brokerage Prudential Douglas Elliman Real Estate.”