HPF Receives $3.3 Million Grant from National Foreclosure Mitigation Counseling (NFMC) Program
WASHINGTON, D.C., March 20, 2014 – The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner’s HOPE™ Hotline at 888-995-HOPE™, announced today that it has received $3.3 million in grant funds from the National Foreclosure Mitigation Counseling (NFMC) Program.
HPF will use the funds to continue to serve distressed homeowners through its national Homeowner’s HOPE™ Hotline with free, confidential foreclosure prevention counseling performed by professionally trained HUD-approved housing counselors, 24 hours a day, 7 days a week, 365 days a year, in over 170 languages. HPF is dedicated to guiding consumers onto the path of sustainable homeownership and improving their overall financial health.
“We graciously thank the National Foreclosure Mitigation Counseling (NFMC) Program for this announcement and for their unwavering support for the critical work that counselors do every day for the millions of Americans still dealing with financial stress,” said Colleen Hernandez, CEO of HPF. “These funds are needed so that we can continue to help the thousands of homeowners that call us daily under significant financial distress, and still struggling to keep their home. We know that housing counseling works. Seven out of 10 counseled homeowners who call HPF’s HOPE Hotline report that they are still in their homes a year later. It is due to the generosity of programs like NFMC that these financially struggling homeowners are getting the financial guidance they desperately need.”
This is the eight consecutive year that HPF has received funding through the NFMC program, which is administered through a competitive application process by NeighborWorks America that adheres to guidelines defined by Congressional legislation.
ABOUT HOMEOWNERSHIP PRESERVATION FOUNDATION (HPF)
The Homeownership Preservation Foundation (HPF) is an independent national nonprofit dedicated to guiding consumers onto the path of sustainable homeownership and improving their overall financial health. Through its Homeowner’s HOPE™ Hotline, 888-995-HOPE™, HPF provides comprehensive financial education and confidential foreclosure prevention counseling for FREE, 24 hours a day, 7 days a week, 365 days a year, in over 170 languages. Since 2007, HPF has served more than 7.8 million distressed homeowners who depend upon them as a trusted, neutral source of information and assistance. For more information about the Homeownership Preservation Foundation or the Homeowner’s HOPE™ Hotline, please visit www.995hope.org.
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