Millions of dollars in federal government funding has been provided to the non-profit Oregon Housing and Community Services (OHCS) for foreclosure prevention and free counseling services. The agency offers assistance to all homeowners across Oregon.
The federal government grant will be used to pay for additional OHCS's foreclosure intervention programs. The money is being provided by funds from the National Foreclosure Mitigation Counseling Program. Oregon has been hit hard by the housing crisis, and the much-needed boost to the assistance programs will enable counselors from OHCS to provide more free counseling to homeowners in danger of foreclosure, and it will allow the agency to offer more mortgage help.
The United States Congress approved the funding as part of the Consolidated Appropriations Act. In addition to these funds, even more funding was provided through the stimulus plan, also known as the Housing and Economic Recovery Act of 2008, the Consolidated Appropriations Act of 2010, as well as the Omnibus Appropriations Act of 2009.
One of the keys to saving a home and preventing foreclosure is access to information. Another key is communication. Access to high quality information through a neutral third party, such as the Oregon Housing and Community Services, can help homeowners make the best decisions for themselves, their families and a decision that meets the criteria of their personal budget. And counselors from OHCS can offer free advice, as well as access to Oregon foreclosure mediation programs.
OHCS partners with NeighborWorks America to help as many borrowers as possible. NeighborWorks America is a non-profit independent, congressionally chartered organization that is headquartered in Washington, D.C. They have as their primary goal the need to provide access to sustainable home ownership, keep people from losing their homes, and also ensure families have a safe, affordable rental housing or home to live in.
They have a toll free number. Some background on the agency is that Oregon Housing and Community Services is the state's primary community services as well as housing finance agency. The non-profit government agency has many departments that provide both financial and program support to create and also to preserve housing and other opportunities for quality, affordable housing serving Oregonians of lower and moderate income. In addition, the agency also administers both state of Oregon and federal government antipoverty, homelessness prevention and intervention, energy bill assistance, community service programs, as well as foreclosure prevention.
Mortgage counselors that are well trained and certified by the U.S. Department of Housing and Urban Development provide the mitigation counseling. Counseling referrals are made through Oregon SafeNet, Dial 1-800-723-3638 to learn more on the foreclosure assistance programs.
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