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.splash
    Water Fun—Carter Seitz and Colson Walter take a fast trip along a plastic sliding strip while water from a sprinkler provides the lubrication. The boys took a break from tie-dyeing last week at Morenci’s Summer Recreation Program to cool off in the water.
  • 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.drum
    on your mark, get set, drum!—Drew Joughin (black shirt), Maddox Joughin and Kaleea Braun took the front row last week when Angela Rettle and assistants led the Stair District Library Summer Reading Program kids in a session of cardio drumming. The sports and healthy living theme continued yesterday with a Mini Jamboree at Lake Hudson State Park arranged by the Michigan Department of Natural Resources. Next week’s program features the Flying Aces Frisbee show.
  • Front.art.park
    ART PARK—A design created by Poggemeyer Design Group shows a “pocket art park” in the green space south of the State Line Observer building. The proposal includes a 12-foot sculpture based on a design created by Morenci sixth grade student Klara Wesley through a school and library collaboration. A wooden band shell is located at the back of the lot. The Observer wall would be covered with a synthetic stucco material. City council members are considering ways to fund the estimated $125,000 project and perhaps tackling construction one step at a time.
  • 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