In these economic times, the threat of foreclosure is all too
common. West Side Neighborhood Housing Services, a NeighborWorks ® charter
member can help. One of their most recent awards for $216,000.00 from New York
State’s Division of Housing and Community Renewal is for foreclosure prevention,
and was highlighted nationally on CNN.
According to WSNHS Executive Director, Linda Chiarenza, “This award will pay the counseling fees it takes to renegotiate a homeowner’s loan with their particular lending institution. These are not rescue funds for foreclosure loan payment, but we can work with the banks. Our objective is to keep people in their houses.”
Chiarenza also said that the agency has Restore Grants. “These are emergency grants for low-income seniors, who fit the eligibility requirements, in order to make quick repairs to things like a broken waterline, a furnace that dies, leaky roofs. We need to see a deed, and that the taxes, water bills and mortgage payments are up to date, along with general documentation that would prove they are income eligible.
In addition, WSNHS has Neighborworks Loans for owner occupied homes. “These are loans and grants for owner programs,” Chiarenza said. “We have something to fit everyone. The best part about the loans is that we can help anyone. This is low-interest money to buy, fix and stay.”