Oregon receives $457,390 to support foreclosure prevention counseling

Oregon receives $457,390 to support foreclosure prevention counseling

Salem, OR – October 2, 2009 – (RealEstateRama) — Oregon Housing and Community Services has been awarded $457,390 to support foreclosure prevention counseling throughout the state.

OHCS Director Victor Merced made the announcement: “Great news. Now we can reinvigorate our help to Oregonians who are having difficulty keeping their homes. This is very important for people fighting to stave off foreclosure.”

The much-needed boost will enable OHCS, which manages the mitigation money, to provide counseling to homeowners in danger of foreclosure. Counseling referrals are made through Oregon SafeNet, 1-800-723-3638.

The grant to support OHCS foreclosure intervention came from the National Foreclosure Mitigation Counseling Program. The initial funding was provided by Congress in the FY08 Consolidated Appropriations Act.

Additional funding was provided through the Housing and Economic Recovery Act of 2008 and the Omnibus Appropriations Act of 2009. The National Foreclosure Mitigation Counseling Program is administered through a competitive application process by NeighborWorks® America, within guidelines defined by Congressional legislation.

NeighborWorks® America is an independent, congressionally-chartered non-profit organization based in Washington, D.C., with a mission to provide access to sustainable homeownership and safe, affordable rental housing.

Earlier foreclosure mitigation awards to Oregon totaled $418,504, covering early 2008 through mid- 2009, when 1,514 persons were served. The mitigation counseling is conducted by counselors certified by the U.S. Department of Housing and Urban Development in workshops and housing centers under the auspices of OHCS.

Oregon Housing and Community Services is the state’s housing finance agency and community services program administrator. The department provides financial and program support to create and preserve opportunities for quality, affordable housing serving Oregonians of lower and moderate income, and administers federal and state antipoverty, homeless, energy assistance and community service programs. Go to www.ohcs.oregon.gov/.

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Oregon Housing and Community Services (OHCS) is Oregon's housing finance agency, providing financial and program support to create and preserve opportunities for quality, affordable housing for Oregonians of lower and moderate income.

Contact:

Salem Office (Main)
725 Summer Street NE, Suite B
Salem OR 97301-1266
Phone: 503-986-2000
Fax: 503-986-2020
TTY: 503-986-2100

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