Foreclosure Prevention Effort Expanded to Recent Veterans, Furloughed Workers

The North Carolina Housing Finance Agency announces the expansion of the N.C. Foreclosure Prevention Fund to help veterans recently separated from service and military or civilian workers who are currently furloughed or facing an impending furlough.

The state-designed foreclosure prevention program makes mortgage payments for qualified unemployed workers as well as homeowners who have suffered certain other hardships, such as divorce, illness or death of a co-signor, while they look for work or complete job training. The Fund has already helped nearly 14,000 workers who have lost their jobs save their homes, and funding is available to assist another 7,000.

Please direct questions concerning the North Carolina Housing Finance Agency or the N.C. Foreclosure Prevention Fund to: Connie Helmlinger, 919-877-5607 or cshelmlinger@nchfa.com; or Margaret Matrone, 919-877-5606 or mamatrone@nchfa.com.