For Immediate Release
July 15, 2013
For the U.S. Department of the Treasury
Office of Public Affairs
For NeighborWorks® America
Kingston, NY — 07/15/2013 — RUPCO and Legal Services of the Hudson Valley are joining together to host a free event for struggling homeowners who may be eligible for mortgage assistance. The event is part of a nationwide initiative to help families struggling with their mortgage payments apply for help from the Federal government’s Making Home Affordable Program® – a key part of the Obama Administration’s efforts to help families avoid foreclosure and strengthen the housing market recovery. More than one million homeowners across the country have already benefitted from the Making Home Affordable Program, but hundreds of thousands of additional families are still eligible for assistance. The program has helped participating homeowners reduce their monthly payments by a median of more than $500 every month to avoid foreclosure.
The free events will take place on Tuesday 7/30 and again on Tuesday 8/20 at The Kirkland in Kingston at 5:00 PM. Refreshments will be served and staff members will assist in an early screening process to begin the eligibility process. The event is hosted by RUPCO with assistance from Legal Services of the Hudson Valley to be sure everyone can get the help they need. These housing counseling experts approved by the U.S. Department of Housing and Urban Development (HUD) are among the 700 across the country participating in this effort with the U.S. Department of the Treasury and NeighborWorks® America to help families complete application materials for the Making Home Affordable Program free-of-charge and successfully submit them to their mortgage company. Research shows that homeowners who work with a housing counselor like the counselors at this event are more likely to receive the assistance for which they are eligible.
It is important that homeowners bring their financial documents to the event, including the following:
- Monthly mortgage statement
- Information about any other mortgages
- Two most recent pay stubs
- If self-employed, the most recent quarterly or year-to-date Profit and Loss Statement
- Documentation of income from all sources, such as benefits
- Two most recent bank statements
- Unemployment insurance letter, if applicable
RUPCO is the region’s leading provider and advocate of quality affordable housing and community development programs aimed to provide opportunity and revitalize communities. For more than 30 years, RUPCO, a 501-c-3 not-for-profit has led the region in creating and maintaining quality, sustainable housing and rental opportunities, inspiring understanding and acceptance of affordable housing initiatives, fostering community development and revitalization and providing opportunity to people to improve their living standards.
Legal Services of the Hudson Valley is the FINAL HOPE for low-income Hudson Valley residents needing civil legal representation. The agency’s mission is to protect families from the loss of their homes, preserve the rights of the disabled, and advocating for children, veterans and victims of violence.
The Making Home Affordable Program is a free government program administered by the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development to help families avoid foreclosure and strengthen the housing market recovery. Making Home Affordable offers options to help homeowners modify or refinance their mortgage loan to make their monthly payments more affordable, take a temporary break from their mortgage payments if they are struggling from unemployment, receive targeted principal reduction in certain circumstances, or transition out of their home through a short sale or deed-in-lieu of foreclosure. For more information, please visit MakingHomeAffordable.gov.
For 35 years, NeighborWorks America has created opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. In the last five years, NeighborWorks organizations have generated more than $19.5 billion in reinvestment in these communities. NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.