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Attorney General’s Office Opens Application Period for First HomeCorps Grants

April 11, 2012

Today, the Office of Attorney General Martha Coakley opened the application period for two separate grant programs of approximately $3.5 million each. The intent of these programs is to mitigate foreclosures and prevent homelessness through access to legal and nonprofit services for Massachusetts borrowers.

The HomeCorps: Borrower Representation Initiative is designed to provide legal services to distressed borrowers and to assist them with obtaining modifications or other relief to avoid foreclosures and loss of their homes. Organizations with the ability to oversee a statewide network of legal services organizations (LSO) offering a variety of free representation are encouraged to apply. Services provided by the LSOs include:

  • Loan modification assistance; and
  • Legal representation for pre-foreclosure, post-foreclosure, bankruptcy, and other homeownership proceedings.

The HomeCorps: Borrower Recovery Initiative Grant will help prevent homelessness and assist the recovery efforts of borrowers after they lose their homes due to foreclosure. Qualified applicants will be organizations with the ability to oversee a statewide network of borrower recovery sites with multiple disciplines and organizational missions, including:

  • Community outreach;
  • Financial counseling; and
  • Crisis intervention and social service referrals.

Applicants to both grant programs must be non-profit organizations in good standing with the Internal Revenue Service and in compliance with all reporting requirements of the Attorney Generals’ Non-Profit and Public Charities Division.

Those interested in applying should visit the Attorney General’s website, www.mass.gov/ago/grants, for additional information about the process and to download application materials. The application deadlines are April 24, 2012 for the Borrower Representation Initiative and May 3, 2012 for the Borrower Recovery Initiative.

This session, Senator Karen Spilka and Attorney General Coakley filed An Act to Prevent Unlawful and Unnecessary Foreclosures to provide additional protections to homeowners and help stabilize the housing market and the Massachusetts economy.

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