- Associated Press - Monday, May 30, 2016

PROVIDENCE, R.I. (AP) - Rhode Island has been awarded an additional $630,000 in federal funding to help prevent foreclosures.

U.S. Sen. Jack Reed says the funding from NeighborWorks America’s National Foreclosure Mitigation Counseling program will be used to provide housing counseling for families at risk of foreclosure.

Rhode Island Housing will receive about $580,000. The rest of the money will be split between the West Elmwood Housing Development Corporation and ONE Neighborhood Builders.

The program was launched in late 2007 with funds appropriated by Congress to address the foreclosure crisis.

Rhode Island received $703,000 in NeighborWorks grants in March, bringing its total funding to more than $1.3 million this year.

Reed, a Rhode Island Democrat, says the money will help people access the information and assistance they need to navigate the loan modification process.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide