A total of $4 million in HomeCorps grants have been awarded to 18 organizations across the state to help address the foreclosure crisis, Attorney General Martha Coakley announced today. The grant funding will assist homeowners and renters impacted by the foreclosure crisis, revitalize distressed and blighted neighborhoods, and guard against future financial harm. The funding is the result of a nationwide settlement involving the nation’s five largest mortgage servicers and their connection with unlawful foreclosures and loan servicing.
The Crisis Response Innovation Grants, a component of Coakley’s HomeCorps program, support a wide variety of foreclosure prevention and mitigation services across Massachusetts. They are the latest in a series of HomeCorps partnership grants, which fund loan modification assistance, free direct legal representation to distressed borrowers and post foreclosure stabilization assistance to families, as well as efforts to help communities recover from the foreclosure crisis by addressing abandoned housing and mitigating neighborhood blight.
"Our economy will never fully recover until we address the impact of the foreclosure crisis," Coakley said in a statement. "These grants are designed to help strengthen struggling communities, provide direct assistance to distressed borrowers, and avoid unnecessary foreclosures. The organizations receiving these funds are doing work that is a critical part of those efforts."
The grants were awarded to the following organizations:
- Arlington Community Trabajando Inc. (ACT)
- Cambridge Neighborhood Apartment Housing Services
- Caritas Communities
- Catholic Social Services
- Chelsea Restoration Corp.
- City of Boston Dept. of Neighborhood Development
- Ecumenical Social Action Committee Inc. (ESAC)
- HAP Inc.
- Homeowner Options for Massachusetts Elders (HOME)
- Housing Assistance Corporation
- Massachusetts Law Reform Institute
- Merrimack Valley Housing Partnership Inc.
- Neighborhood Assistance Corporation of America
- Neighborhood Housing Services of the South Shore
- Neighborhood of Affordable Housing, Inc. (NOAH)
- Oak Hill CDC, Worcester
- The Legal Services Center of Harvard Law School
- The Midas Collaborative
