CalHFA Announces Full Implementation of $2 Billion Effort to Assist Homeowners Struggling to Remain in Homes
Assemblymembers Norma Torres, Chair of the Assembly Committee on Housing and Community Development, Mike Eng, Chair of the assembly Committee for Banking and Finance and CalHFA announced the full implementation of four programs to fight the ongoing foreclosure crisis in California, with the primary goal to help families remain in their homes.
The programs, under the umbrella title of Keep Your Home California, are federally funded as part of the U.S. Treasury Department’s Hardest Hit fund, and are aimed at helping low and moderate income homeowners struggling to pay their mortgages amid the worst real estate crisis in decades.
California received a total of nearly $2 billion through the Hardest Hit fund. After consulting with community leaders throughout the state, four programs were created to assist California families.
“In partnership with the federal government, Keep Your Home California is one more step we are taking to help low and moderate income California families who are struggling to remain in their homes,” said Assemblymember Norma Torres, Chair of Assembly Committee on Housing and Community Development. “No one program will solve the foreclosure crisis affecting our state, but together we hope to make a difference for as many families as possible.”
All four programs are intended to help avoid foreclosure: three offer several forms of mortgage assistance, as well as a separate program that will provide transition assistance to borrowers who execute a short sale or deed in lieu transaction.
All of the programs are designed specifically for low or moderate income homeowners who are either unemployed or are facing another financial hardship, have fallen behind on their mortgages and owe significantly more than the value of their homes. For a full description of the programs visit www.KeepYourHomeCalifornia.org or for Borrowers with questions about the program may call Keep Your Home California toll-free at 888-954-KEEP (5337).
Vista Library Foreclosure Clinic
The San Diego County Library is partnering with the Housing Opportunities Collaborative (HOC) to offer monthly HOME Clinics that provide free foreclosure prevention and housing assistance. The next HOME Clinic will be held at the Vista Library, 700 Eucalyptus Ave, on Saturday, February 26 from 10 a.m. to 2 p.m.
The HOC is a HUD-approved housing agency that provides attendees with specialized assistance and educational resources to promote informed financial decision making. Registration is strongly recommended, and participants must bring a photo I.D., loan documents, last mortgage statement and any lender documents to the event.
For more information or to register, call 1-800-462-0503, go to http://bit.ly/home-clinics or contact the library at www.sdcl.org.
Doing business with local government workshop
Do you sell fish food? Does your company build automatic door openers or haul tires?
No matter what good or services your business provides, local government agencies could become one of your top clients. And doing business with the government is easier than you think.
To explain the ins and outs of doing business with your local government, county Supervisor Pam Slater-Price is hosting a forum to connect vendors directly with purchasing agents and other top officials from regional agencies.
The free workshop is scheduled for 8:30 to 11 a.m. Feb. 25 at MiraCosta College’s San Elijo Campus, 3333 Manchester Ave., Encinitas. Refreshments will be served.
“During the last fiscal year, the County of San Diego entered into more than 2,000 private contracts totaling more than $900 million,” Slater-Price said.
Business owners can network with purchasing officials from the County of San Diego; MiraCosta College; San Diego County Water Authority and the San Diego Association of Governments.
The Small Business Development Center of North San Diego County is co-hosting the event.
Vendors can learn about business opportunities with the county by visiting www.buynet.sdcounty.ca.gov. Dozens of solicitations are posted, including requests for vendors of fish food, purveyors of automatic door openers and haulers of tires.
Register by contacting the office of Supervisor Pam Slater-Price at (619) 531-5533.
