Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Homeowner Assistance Groups To Receive $10.4 Million In Grants

In a sign that all is not lost when it comes to non-profit homeowner assistance, Attorney General Kamala D. Harris announced a $10.4 million grant program for organizations that provide housing counseling and legal services to homeowners.  The non profit groups will receive grant funds through the National Mortgage Settlement with the goal of providing assistance to homeowners impacted by California’s foreclosure crisis.

The California Department of Justice will award Consumer Assistance Grants for housing counseling and legal service providers ranging from $150,000 to $750,000 per organization.  A Homeowner Bill of Rights Implementation Grant of approximately $1 million will also be awarded to assist in the implementation of California’s new homeowner protection legislation sponsored by the Attorney General this year.

For groups and organizations interested in receiving grant money, grant applications must be received electronically no later than January 14, 2013.  Details regarding the application process can be found at http://oag.ca.gov/grants.

Funds Also Help Regulate California Homeowner Bill Of Rights

The California Homeowner Bill of Rights, signed into law earlier this year, restricts dual-track foreclosures, where a lender forecloses on a borrower despite being in discussions over a loan modification to save the home.  It also guarantees struggling homeowners a single point of contact at their lender with knowledge of their loan and direct access to decision makers, and imposes civil penalties on fraudulently signed mortgage documents.

In February 2012, Attorney General Harris negotiated a commitment from the nation’s five largest banks to dedicate an estimated $18 billion to mitigate harm to California homeowners caused by bank conduct in the foreclosure process.

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

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Filed under Banks, California, Loan Modifications

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