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The Housing Alliance wants to make sure that you know of an opportunity to fund activities that prevent foreclosures or that help to ameliorate the effects of the foreclosure crisis. Washington State was recently involved in a lawsuit against major banks that resulted in a national settlement. As a result, our state will receive about $43.8 million in funds and the Attorney General’s office recently issued a request for proposals for projects that fit within the scope of the settlement. The proposals are due very soon – June 29th – so if your organization engages in activities that might be eligible, we encourage you to visit the Attorney General’s website and learn more about this opportunity.
Washington is receiving more than $40 million to help address the foreclosure crises. If your organization has a project that helps prevent foreclosure or that helps to ameliorate the effects of foreclosure, you may be eligible for some of these funds. But applications must be emailed or postmarked no later than 5 PM PDT, June 29th so we encourage you to look into this soon. |
More Background
This is from the Attorney General’s website:
The Washington State Attorney General’s Consumer Protection Division has reached a settlement with the nation’s five largest private mortgage servicers. In addition to national relief administered by the banks, the settlement includes a cash payment to Washington of approximately $43.8 million to be used for either direct or indirect restitution to Washington state consumers. The Washington Consumer Foreclosure Remedies Fund Committee (“Committee”) has been formed to review proposals and distribute these funds to non-profit organizations, tribal organizations and local, county or state government entities serving Washington state consumers. Eligible projects will be aimed at stopping preventable foreclosures or ameliorating the effects of the foreclosure crises. As permitted by the settlement, the following options are available:
1) Supplementing the amounts paid to state homeowners under the Borrower Payment Fund;
2) Funding for housing counselors;
3) Funding for state and local foreclosure assistance hotlines;
4) Funding for state and local foreclosure mediation programs;
5) Funding for civil legal assistance; or
6) Funding for housing remediation and anti-blight projects.
Click here to learn more from the Attorney General’s website.
Click here to download a PDF of the grant proposal guidelines and instructions.
Sincerely,
Michele, Director of Policy and Advocacy
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