Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
735,718-296
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.93%0.00
Servicing

$73.8 million awarded to foreclosure mitigation programs

NeighborWorks America, an organization that works to create affordable communities, said $73.8 million in funds from the National Foreclosure Mitigation Counseling Program will be provided to organizations and housing finance agencies across the country.

The funds will be distributed to 32 state housing finance agencies, 18 Housing and Urban Development-approved housing counseling intermediaries and 86 community-based NeighborWorks organizations.

The National Foreclosure Mitigation Counseling Program launched in December 2007, using funds appropriated from Congress to inject cash into communities through organizations that provide counseling for families at-risk of foreclosure.

The most recent distribution of funds is the agency’s sixth round of aid to local communities.

Because of the new awards, NeighborWorks, which works directly with the NFMC program, expects 1,300 nonprofit counseling agencies to benefit from the funding awards.

Since the launch of the funding program, more than 1.3 million families in U.S., Puerto Rico and Guam received foreclosure counseling through the initiative. 

kpanchuk@housingwire.com

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please