Funding Alert: $$ for Subprime Foreclosure Prevention Services
This late-breaking news reprinted from Grants Action News: New York State will provide grants to community-based non-profit organizations to provide new or enhanced services aimed at preventing sub-prime foreclosures.
NYS Housing Trust Fund Corporation
The 2008-09 New York State budget provided funding to the NYS Housing Trust Fund Corporation (HTFC) for the development and administration of a subprime foreclosure prevention services program. Under the program, the HTFC will be making grants to not-for-profit organizations to provide outreach and education, counseling, legal services and court-based services to New York homeowners who hold subprime or unconventional home loans who are at risk of foreclosure or default. Collaborative proposals by multiple not-for-profit organizations are strongly encouraged to ensure that all necessary services are offered throughout the state in an efficient manner that decreases duplication and maximizes the impact of public resources. Proposals may be submitted immediately.
ELIGIBILITY: Not-for-profit organizations with 501(c)(3) incorporation.
FUNDING: A total of $20 million is expected to be made available for this grant.
DEADLINE: The application process is continuous and will operate until all program funds have been disbursed.
FOR MORE INFORMATION: Contact Caillin Furnari, Housing and Community Development Assistant, Community Services Bureau, Division of Housing and Community Renewal, (518) 473-8273, or contact Anna Oles, Homeownership Coordinator, Housing Trust Fund, (518) 474-6082.
Many community-based organizations throughout New York State are on the front lines supporting homeowners as well as renters in the battle against homelessness. Here’s an opportunity to take that laudable work one step further, to meet the immediate challenge of the sub-prime mortgage crisis that is affecting families all across the state.
Funding Alerts, Tools for Community-Based Organizations | Chris Nill | 31 July 2008 |
