United Way effort helps troubled homeowners • Northwest Indiana Business Magazine

United Way effort helps troubled homeowners

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GRIFFITH – Lake Area United Way is working with the Indiana Foreclosure Prevention Network to help troubled homeowner.

Indiana has received $221 million to help unemployed homeowners pay a portion of their mortgages.

“Since its formation in 2007, IFPN has been on the forefront of assisting homeowners reach an agreeable resolution with their mortgage lenders,” said Stephanie Reeve, director of asset preservation for the Indiana Housing and Community Development Authority, which oversees the IFPN.

The money made available to Indiana can provide between $12,000 to $18,000 to individual homeowners. They must own only one home and live in it, must have been unemployed at some time during the past 12 months and must agree to participate in training, education or volunteer service work.

Some 13,000 Indiana households are expected to receive assistance at an average of $702 a month for about 16 months.






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