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.=

  • Front.tug
    MORENCI pep rallies generally end with a tug of war. The senior class entry, shown above, did not advance to the finals. Griffin Grieder, Alaina Webster, Kyle Long and Jazmin Smith are shown at the front of the rope, giving it their best effort.
  • Accident
    FAYETTE resident Patricia Stambaugh, 64, was declared dead on the scene of a single-vehicle accident Friday morning south of Morenci. Rescue units were called around 9 a.m., but as of Tuesday, law enforcement officers had not yet determined the time of the accident. According to Ohio State Highway Patrol, Stambaugh was driving west on U.S. 20 when her Chevrolet Malibu traveled off the north side of the road and down a steep embankment, coming to rest in Bean Creek (Tiffin River).
  • Athletic Fields
    SPORTS COMPLEX—Fayette’s outdoor athletic facilities will include three ball fields for summer recreation leagues at the southwest corner of the school. The baseball and softball fields, along with the running track, will be constructed on the east side of the school. Outdoor athletic fields were not part of the new school project from 2007, but voters approved a $1.4 million levy for a school addition and the sports fields last August. Both projects are scheduled to be complete by July 20.
  • Front.teacher Leading
    PRESCHOOL MUSIC—Fayette band director Jeffrey Dunford spends the last half hour of the day leading the full-day preschool class in musical activities. Additional photos are on page 7 of this week’s Observer.
  • Front.F.band
    TROMBONISTS Jake Myers (left) and Max Baker perform Friday at the annual Senior Citizens Luncheon at Fayette High School. The National Honor Society and the FFA chapter teamed up to serve a meal to area seniors and to provide musical entertainment. Both the school band and choir performed. Additional photos are on page 7 of this week’s Observer.
  • Station.2
    STRANGE STUFF—Morenci Elementary School students learn that blue isn’t really blue when seen through the right color of lens. Volunteer April Pike presents the lesson to students at one of the many stations brought to the school by the COSI science center. The theme of this year’s visit was the solar system.
  • Front.poles
    MOVING EAST—Utility workers continue their slow progress east along U.S. 20 south of Morenci. New electrical poles are put in place before wiring is moved into place.

Weekly newspaper serving SE Michigan and NW Ohio - State Line Observer ©2006-2017