The California Housing Finance Agency (CalHFA) today announced that it will receive nearly $3.2 million to provide counseling to homeowners struggling to avoid foreclosure from a new federal grant.
The California Housing Finance Agency and HUD-approved counseling groups, in partnership with the Rural Community Assistance Corporation (RCAC), were awarded the $3.18 million grant as part of a federal program to help homeowners avoid foreclosures.
This is the fourth grant CalHFA has received since 2008 to provide counseling services to homeowners, totaling more than $17 million.
“CalHFA remains focused on supporting California families who are struggling to hold on to their homes,” said Claudia Cappio, Executive Director of CalHFA. “In partnership with community organizations, we have assisted more than 61,000 families so far and we appreciate the opportunity to continue this critical counseling program.”
The grant to support California’s foreclosure counseling intervention efforts was provided by funds-contingent upon a fully-executed grant agreement-from the National Foreclosure Mitigation Counseling Program. The National Foreclosure Mitigation Counseling Program is administered through a competitive application process by NeighborWorks® America, within guidelines defined by Congressional legislation.
The counseling will be available to homeowners who have either defaulted on their mortgages or are in danger of defaulting on their mortgages. Homeowners in those situations can arrange counseling by contacting one of the counseling agencies in their area (full list below).
The counseling program is one part of CalHFA’s effort to assist homeowners. The agency is also administering Keep Your Home California, a special, $2 billion to provide direct assistance to homeowners trying to remain in their homes. For information on Keep Your Home California, please visit www.Keepyourhomecalifornia.org
For more information on CalHFA, please visit www.calhfa.ca.gov
FOR IMMEDIATE RELEASE
Contact: Ken Giebel
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