Thursday, December 10, 2009

Financial Help For Homeowners Displaced By Foreclosure

The Minnesota Home Ownership Center is pleased to announce a new pilot program that may assist families AFTER the foreclosure of their home with up to $2,500 to relocate and secure alternative housing.  Funding for this pilot program has been provided by the Saint Paul Foundation Community Economic Relief Fund.

For now, homeowners being displaced must have owned in Dakota, Ramsey or Washington Counties during this pilot program.  Depending on need, and availability of future funding, the program may be expanded.

Funds may be used for:

          • Moving expenses
          • Security deposits
          • Up to half of monthly rent for first three months
          • Utilities (gas, electric, water)

A fact sheet with additional program details and information, is available here.
Homeowners should contact the foreclosure counselors at the following organizations:
Due to limited funding... these grants are available on a first-come, first-served basis.

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