$4 Million Granted to Organizations in Mass to Assist Foreclosed ...

$4 million in HomeCorps grants in total have been awarded to 18 organizations in Massachusetts to work towards addressing the foreclosure crisis. These funds are meant to assist Boston real estate and Massachusetts real estate owners and renters that have been impacted by the foreclosure crisis. It is also meant to revitalize distressed and heavily impacted neighborhoods as well as guard those affected by foreclosures from future financial distress. The funding is the result of the settlement involving 5 of the US?s largest mortgage services and their involvement with foreclosures and loan services considered unlawful.

A component of the Attorney General?s HomeCorps program, referred to as the Crisis Response Innovation Grants, support a number of foreclosure prevention and relief services in Massachusetts. These are the most recent of the HomeCorps partnership grants, used to fund efforts such as loan modification assistance, post-foreclosure stabilization assistance, and free legal representation for distressed borrowers. These funds are also meant to help support communities in their efforts to recover by dealing directly with abandoned housing while also providing relief to neighborhoods that have been hit hard by the foreclosure crisis.

Attorney General March Coakley said,??Our economy will never fully recover until we address the impact of the foreclosure crisis. These grants are designed to help strengthen struggling communities, provide direct assistance to distressed borrowers, and avoid unnecessary foreclosures. The organizations receiving these funds are doing work that is a critical part of those efforts.?

Grants were awarded to the organizations mentioned below:

• Arlington Community Trabajando Inc. (ACT)
• Cambridge Neighborhood Apartment Housing Services
• Caritas Communities
• Catholic Social Services
• Merrimack Valley Housing Partnership Inc.
• Neighborhood Assistance Corporation of America
• Neighborhood Housing Services of the South Shore
• Neighborhood of Affordable Housing, Inc. (NOAH)
• Chelsea Restoration Corp.
• City of Boston Dept. of Neighborhood Development
• Ecumenical Social Action Committee Inc. (ESAC)
• HAP Inc.
• Homeowner Options for Massachusetts Elders (HOME)
• Housing Assistance Corporation
• The Midas Collaborative
• Massachusetts Law Reform Institute
• Oak Hill CDC, Worcester
• The Legal Services Center of Harvard Law School

Source: http://www.firstbostonrealty.com/blog/4-million-granted-to-organizations-in-mass-to-assist-foreclosed-homeowners/

human nature arkansas football blackhawks howard johnson levon helm firelight world peace elbow