WASHINGTON — NCUA Board member Gigi Hyland addressed the Women in Housing and Finance at the group's pubic policy luncheon on March 25 and chose to call attention to the valuable work being done by NeighborWorks. Saying the efforts being of NeighborWorks was always relevant, it has never been more so than in today's "uncertain times for America's homeowners."
NeighborWorks America, is a national nonprofit organization created by Congress to provide financial support, technical assistance and training for community-based revitalization efforts. Hyland spoke of spoke of the role it is playing in the current mortgage crisis, specifically through the National Foreclosure Mitigation Counseling program administered by NWA.
"This important partnership is helping equip Americans facing foreclosure with the tools and resources they need to stay in their homes. I am proud of the role that NeighborWorks America and the credit union community have played in not only helping Americans own a home but also keep their homes, which is crucial to sustaining viable and strong communities," said Hyland.
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She added that that NWA's grants, program support, training scholarships, organizational assessments and evaluations and other outreach efforts are aimed at promoting vibrant, healthy communities through homeownership and individual empowerment.
Touching on the National Foreclosure Mitigation Counseling program, she spoke of how the $180 million, congressionally established program has appropriated:
Up to $5 million for training of foreclosure prevention counselors across the Nation,
Up to $7.2 million for administration, including the development of a data collection system, implementation of quality control and compliance monitoring, and comprehensive program evaluation focused on results of the mitigation efforts and
The remaining $167.8 million for grants to eligible recipients
NeighborWorks targets eligible homeowners and the geographic areas of greatest need to bring the benefits of the foreclosure mitigation and prevention program to places where it will do the most good. Additional information on the National Foreclosure Mitigation Counseling program can be found at www.nw.org/nfmc.
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