CalHFA Awarded $450,000 to Help Homeowners

Mortgage & Real Estate

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The federal government awarded the California Housing Finance Agency more than $450,000 to support a program that provides counseling to homeowners facing foreclosure.

CalHFA and its partner the Rural Community Assistance Corp. will use the awarded funds to provide counseling for at least 1,000 more families, the agency said in a press release. This is the ninth federal grant the partners have received.

“While the number of home foreclosures is declining, there are still homeowners continuing to struggle with their mortgage payments,” said Tia Boatman Patterson, executive director of CalHFA, in the release.

“The additional funding will enable us to continue this critical counseling program, one of several ongoing efforts we are involved with to help homeowners throughout the state.”

California has received a total of more than $22 million in grants and helped more than 44,000 families since 2008. The new grant was funded by the National Foreclosure Mitigation Counseling Program.

Homeowners who have fallen behind or could fall behind on mortgage payments are eligible for the California program and can receive counseling after contacting a Department of Housing and Urban Development-approved agency.

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