The Hardest Hit Fund Reaches DC Residents via Newly Launched HomeSaver Program

“Few of us never face tough financial times, especially when we unexpectedly lose a job,” said John Taylor, President and CEO of NCRC.

“When the angst of losing a job is compounded with the loss of a home, it is hard to see light at the end of the tunnel. Hopefully, the HomeSaver program will be that light for many unemployed DC residents,” Taylor said.

NCRC’s HCN, selected as one of the DC agencies to administer counseling under the HomeSaver program, is prepared for a surge in call volume from families and individuals seeking assistance under the new program.

“In 2010 alone, NCRC has aided over 13,000 families in need of foreclosure prevention help,” said Cheryl Cassell, Director of NCRC’s Housing Counseling Network. “Our foreclosure prevention efforts do not stop there. There are millions more who will need help, and we are pleased to see a lifeline thrown to those who may not have otherwise qualified for mortgage relief.”

Unemployed DC residents seeking assistance under the HomeSaver program should contact NCRC’s Housing Counseling Network at 202-383-7702.

The HomeSaver program is aimed towards DC homeowners who have experienced involuntary job loss and subsequently facing foreclosure. Full eligibility requirements should be found at the DC HomeSaver web site, at www.homesaverdc.org. Basic eligibility requirements to receive assistance under this program are as follows:

District of Columbia homeowner(s);

• Homeowner(s) residing in their primary residence;

• Homeowner(s) named on the deed of trust;

• Homeowner(s) who were current on their mortgages until the date of unemployment;

• Homeowner(s) who are receiving or have received UI payments in the past six (6) months;

• Homeowner(s) who are NOT in foreclosure; and

• Homeowner(s) who are NOT in active bankruptcy.

Along with countless metropolitan areas across the country, DC has experienced resident job loss at record rates— most recently, a rise in unemployment from 9.7 percent in October to 9.8 percent in November. With ongoing foreclosures in record numbers, the HomeSaver initiative could not have come sooner for many homeowners.

Unemployed DC residents seeking assistance under the HomeSaver program should contact NCRC’s Housing Counseling Network at 202-383-7702. All other housing counseling inquires should be directed to 1-800-475-NCRC.  http://ncrc.org/

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