Ohio Agencies to Receive Funding for Counseling Services for Homeowners Facing Foreclosure

WASHINGTON, D.C. – December 3, 2008 – (RealEstateRama) – U.S. Senator Sherrod Brown (D-OH) today announced that $7,269,740 has been awarded to Ohio housing agencies to help homeowners facing foreclosure.

The funds, awarded by NeighborWorks America, will be given to Ohio agencies participating in the National Foreclosure Mitigation Counseling Program. This program provides counseling and legal assistance to families at risk of foreclosure.

 “Help for Main Street is on the way,” said Brown. “When it comes to addressing the foreclosure crisis, prevention is critical. These funds will help families stay in their homes and prevent further damage to Ohio neighborhoods.” 

A detailed break-out of the funding follows:

COUNSELING AWARDS:
Neighborhood Development Services, Ravenna $172,800
Neighborhood Housing Partnership of Greater Springfield, Inc $155,880
Neighborhood Housing Services of Greater Cleveland, Inc. $532,800
Neighborhood Housing Services of Hamilton, Inc. $60,040
Ohio Housing Finance Agency, Columbus $2,522,440
St. Mary Development Corporation, Southwest Ohio $570,780
The Home Ownership Center of Greater Cincinnati, Inc. $450,000
TOTAL COUNSELING AWARDS: $ 4,464,740.00

LEGAL ASSISTANCE AWARDS:
Neighborhood Development Services of Ravenna $40,000
Neighborhood Housing Services of Greater Cleveland, Inc. $100,000
Ohio Housing Finance Agency, Columbus $1,925,000
St. Mary Development Corporation, Southwest Ohio $240,000
The Home Ownership Center of Greater Cincinnati, Inc. $500,000
TOTAL LEGAL ASSISTANCE AWARDS: $2, 805,000.00

Earlier this year, Brown announced more than $258 million in federal funds for Ohio to rebuild neighborhoods across the state affected by foreclosure. Funds were awarded through the Housing and Economic Recovery Act of 2008 which was signed into law in July 2008.

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