COLUMBUS – March 24, 2014 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) has been awarded $560,451 through the National Foreclosure Mitigation Counseling (NFMC) program to continue the availability of foreclosure counseling and prevention services.
Created by Congress in 2007, the NFMC program is designed to help homeowners at risk of foreclosure by connecting them to trained counselors. The program is administered by NeighborWorks America, an independent, Congressionally-chartered non-profit organization based in Washington, D.C.
“OHFA is proud to continue counseling services through the NFMC program to help Ohioans facing default or foreclosure,” said OHFA Executive Director Doug Garver. “These funds will enable 12 housing counseling agencies across Ohio to provide approximately 2,000 counseling sessions to Ohio families struggling to pay their mortgages.”
This is the eighth round of funding for the NFMC program, which provided $63.1 million to 29 state housing finance agencies, 18 HUD-approved counseling intermediaries, and 67 community-based NeighborWorks organizations. To date, OHFA has received more than $11.5 million through the program.
For additional information on the grant, visit www.nw.org/network/foreclosure/nfmcp/round8.asp.
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About the Ohio Housing Finance Agency
OHFA is a self-supporting quasi-public agency governed by an eleven member board. The Agency uses federal and state resources to provide housing opportunities for families and individuals through programs designed to develop, preserve and sustain affordable housing throughout the state of Ohio. OHFA is also the administrator of the state’s foreclosure prevention program, Save the Dream Ohio.
Media Contact: Arlyne Alston
Email: aalston (at) ohiohome (dot) org