The U.S. Department of Housing and Urban Development Center for Faith-Based and Neighborhood Partnerships, in collaboration with state Sens. Lester Jackson (D-Savannah) and Horacena Tate (D-Atlanta) hosted a free Capacity Building/ Grant Writing Training and “Facing Foreclosure with Facts Not Fear” Panel last Tuesday at the Savannah Marriott Riverfront,
“Federal funds have been allocated to several states to assist homeowners suffering from hardships beyond unemployment and underemployment,” Jackson said. “Funds are available to assist homeowners in active bankruptcy, and to provide assistance beyond reinstate- ment and mortgage payment assistance. These forms of assistance include: principal reduction to facilitate a refinance or modification to make the loan affordable; second lien elimination; payments to facilitate deeds in lieu and short sales; and transition assistance. As a percentage of total allocated funding, eleven states have approved a greater percentage of applicants seeking assistance than Georgia. “
The Grant Writing & Capacity Building Training conducted by HUD is designed to assist non-profit entities with making application for federal dollars for projects that will positively impact communities. The Home- Safe Georgia workshop will be addressed in the afternoon. Everyone needing assistance with existing mortgage situations, or those desiring to purchase homes should were encouraged to attend.
“The federal government has obligated more than $339 million to Georgia in total Hardest Hit Funds, but less than $22 million, or 6.4 percent of this assistance, has been provided to borrowers,” Jackson said. For more information on this project contact Sen. Lester Jackson.