Helping Americans Keep Their Homes: Institute Announces $2.4 Million More in Grants to Help Families Fight Foreclosure
WASHINGTON, Feb 05, 2009 /PRNewswire-USNewswire via COMTEX/ — Center for Responsible Lending
The Institute for Foreclosure Legal Assistance today announced it has awarded $2.4 million in grants to nine legal-aid offices in as many states. The grants are the second and final round in a multi-year program to bolster local groups nationwide who assist the growing legion of borrowers facing foreclosure. Last year the Institute awarded $6.5 million to 27 groups in 19 states and the District of Columbia.
The Institute, a project of the Center for Responsible Lending and managed by the National Association of Consumer Advocates, made the second round of awards to groups in communities not served by the first-round of grantees but especially hard hit by the ongoing wave of foreclosures. The grants range in size from $250,000 to $300,000 and will be provided over three years, with annual reviews. The money will enable the recipient groups to hire additional attorneys specializing in foreclosure prevention.
To read the entire press release from the Institute for Foreclosure Legal Assistance, click here.