Action for Boston Community Development, Inc. (NEW foreclosure prevention loans)
Last updated . This is not confirmation of current availability; call before travelling.
Available here 91
Needed here 0
No needs are listed.
Campaigns 1
Find matches
About this facility
- Mission
- from website:
Helping People to Help Themsleves Since its inception in 1962, ABCD has remained devoted to its mission of promoting self-help for low-income people and neighborhoods. ABCD empowers disadvantaged people by providing them with the tools to overcome poverty, live with dignity, and achieve their full potential. It emphasizes education, skilled job-training and asset development. While ABCD's overall focus remains long-term self-sufficiency, we understand that sometimes, things happen. ABCD offers a number of programs that help families through these times of crisis, including fuel assistance in winter, food pantries, and rental assistance. Once stability has been established, ABCD helps people move forward with a focus on education and skill development. The agency works closely with area businesses and academic institutions to develop programs that educate workers who are consistently applauded for their abilities and commitment to excellence. - Service
- Temporary
Notes
http://www.dotnews.com/2011/mattapan-abcd-offers-assistance-hud-foreclosure-loans
Mattapan ABCD offers assistance for HUD foreclosure loans
By
Michael Caprio, Special to the Reporter
Jul. 8, 2011
The Action for Boston Community Development, Inc. center in Mattapan will be providing pre-application assistance for distressed homeowners interested in $50,000 foreclosure prevention loans offered through the Department of Housing and Urban Development.
An estimated 1,200 local homeowners will receive the funds, which are offered through the Emergency Homeowners’ Loan Program. The funds cover 24 months of mortgage payments, or $50,000, whichever comes first.
They are available in zero interest, forgivable packages. Applicants must submit a pre-application to the ABCD Mattapan Family Service Center and will be entered into a lottery. If selected, the applicant will then be eligible to complete a full EHLP application. The Department of Housing and Urban Development will make the final determination about eligibility and amount of assistance.
To be eligible for assistance, homeowners must have been delinquent on their mortgage payments and must have residency in the distressed home. They must also show likelihood of foreclosure (in the form of a bank letter, statement, etc.), have an income of $75,000 or below as a result of unemployment, underemployment or medical emergency, have a monthly mortgage payment that is more than 31 percent of one’s income, and demonstrate an ability to resume repayment of debt obligations.
Selected applicants will be required to provide paperwork including mortgage statements, utility bills, 2009 and 2010 tax returns, a notice of delinquency from a mortgage lender, and a confirmation of employment status from an employer.
There exist certain eligibility restrictions: being currently in bankruptcy (personal of business), having two open liens on a home, and having a federal tax lien on a home can make someone ineligible for assistance.
Potential Mattapan applicants must submit their pre-application paperwork, along with a third-party authorization form, to the Mattapan ABCD office by July 22. There is no fee to submit the pre-application forms. For more information on the program, visit www.findehlp.org or call the toll-free hotline at (855) 346-3345. Those looking for information can also call the Mattapan ABCD office at (617) 298-2045.
Boston Globe article:
http://www.boston.com/yourtown/boston/fenway_kenmore/gallery/summerworks_2011/
By Matt Rocheleau, Globe Correspondent
Anti-poverty agency Action for Boston Community Development recently celebrated the completion of its 46th summer helping employ, educate and train around 1,200 city teens and young adults, between 14 and 21 years old, from low-income families. Around 6,500 applications were submitted for the 1,200 spots.
http://www.bostonabcd.org/centers/
ABCD responds to the needs of our community through our decentralized, city-wide network, which includes 13 unique neighborhood centers. At these community outposts, we give hands-on assistance on a day-to-day basis through a broad spectrum of specialized programs like Fuel Assistance, SummerWorks and Head Start, designed to serve individuals and their families at every stage of their lives.
=========
Our Programs:
Career Development
Charitable Campaigns
Early Child Care & Education
Elder Services
Financial Futures Initiative
Food Pantries
Fuel Assistance/Energy Conservation
Health Services
Housing & Homelessness Prevention
Youth Development