Program aimed at preventing foreclosure 3.18.09

Written by David Green.

Michigan State Housing Development Authority (MSHDA) Executive Director Keith Molin last week announced the receipt of contingent awards in the amount of $2.4 million to support Michigan’s foreclosure prevention counseling efforts and $617,646 in Legal Assistance Funds.

The much-needed boost will enable the MSHDA to provide more foreclosure counseling than ever before to Michigan homeowners in danger of losing their homes. The announcement of the grants coincides with the launch of a public service media campaign—including print, television, radio and web messages—that urges homeowners to call MSHDA counselors before they miss a payment.

The best chance for Michigan homeowners in financial trouble to keep their homes is to address financial issues and work with their mortgage lenders early, before it’s too late.

“These grants are good news for Michigan’s economic recovery and especially good news for homeowners caught in the throes of the mortgage crisis,” Molin said. “The grants will help thousands of homeowners get the necessary guidance, or legal assistance if needed, to prevent the foreclosure process and ‘Save the Dream’ of homeownership.”

The grant to support Michigan’s foreclosure intervention efforts was provided by funds from the National Foreclosure Mitigation Counseling Program. The initial funding was provided by Congress in the 2008 fiscal year.

“We are delighted to have had a role in bringing these funds to Michigan through a laborious grant process that was well worth the effort,” Molin said. “As a result, our homeownership counselors will be even better equipped to help homeowners here in Michigan with foreclosure prevention efforts.”

Before you miss a payment, make the call, and be directed to a foreclosure prevention homeownership counselor, at MSHDA’s toll free “Save the Dream” hotline at 866-946-7432, or visit the Web site at www.michigan.gov/mshda and click on the “Save the Dream” icon.

MSHDA’s vision in the 21st century is to improve the quality of life for all Michigan residents and create vibrant communities by focusing on providing safe, affordable housing through homeownership and rental programs; ending homelessness; and revitalizing neighborhoods and downtowns.

MSHDA’s loans and operating expenses are financed through the sale of tax-exempt and taxable bonds and notes to private investors, not from state tax revenues. For information on this and other MSHDA programs, visit the Web site at www.michigan.gov/mshda.=

  • Homecoming Court
    HOMECOMING—One senior candidate will be chosen Morenci’s fall homecoming queen during half-time ceremonies Friday at the football field. In the back row are seniors Mikayla Price, who will be escorted by Mason Vaughn; Madison Bachman, escorted by Kiegan Merillat, and Mikayla Reinke, escorted by Griffin Grieder. Senior Ariana Roseman is absent from the photo. Her escort is Garrett Smith. In the front is sophomore Abbie White, who will be escorted by Ryder Price; junior Madysen Schmitz, escorted by Harley McCaskey and freshman Madison Keller, escorted by Jarett Cook.
  • Front.cross
    HUDSON RUNNER Jacob Morgan looks toward the top of the hill with dismay during the tough finish at Harrison Lake State Park. Fayette runner Jacob Garrow focuses on the summit, also, during the Eagle Invitational cross country run Saturday morning. Continuing rain and drizzle made the course even more challenging. Results of the race are in this week’s Observer.
  • Front.bear
    HOLDEN HUTCHISON gives a hug to a black bear cub—the product of a taxidermist’s skills—at the Michigan DNR’s Great Youth Jamboree. The event on Sunday marked the fourth year of the Jamboree. Additional photos are on page 12.
  • Front.crossing
    Crossing over—Jim Heiney was given a U.S. flag to carry by George Vereecke (behind Jim in the hat), turning him into the leader of the parade. Bridge Walk participants cross over Bean Creek while, in the background, members of the Morenci Legion Riders cross the main traffic bridge on East Street South. Additional photos appear on the back page of this week’s Observer.
  • Front.hose Testing
    HOSE safety—The FireCatt hose testing company from Troy put Morenci Fire Department hose to the test Monday morning when Mill Street was closed to traffic. The company also checks nozzles and ladders for wear in an effort to keep fire fighters safe while on calls.
  • Front.starting
    BIKE-A-THON—Children in Morenci’s Summer Recreation Program brought their bikes last Tuesday to participate in a bike-a-thon. Riders await the start of the event at the elementary school before being led on a course through town by organizer Leonie Leahy.
  • Front.train
    WRECKAGE—Morenci Fire Department member Taylor Schisler walks past the smoking wreckage of a semi-truck tractor on the north side of the Norfolk and Southern Railroad tracks on Ranger Highway. The truck trailer was on the south side of the tracks

Weekly newspaper serving SE Michigan and NW Ohio - State Line Observer ©2006-2016