VENTURA, Calif. – NeighborWorks® America released its 13th report to Congress detailing the activity of the National Foreclosure Mitigation Counseling (NFMC) Program and featuring Ventura County’s Cabrillo Economic Development Corporation.
The report features “success stories and profiles that show how effective counseling can be for at-risk homeowners,” over the last eight years and shows how NFMC Program-funded counseling organizations are making a difference one day at a time, according to a NeighborWorks® America press release. Cabrillo was chosen to represent California with the story of Ventura resident Armando Lopez and his family.
Lopez was able to remain in his home after divorce and loss of a second income made it difficult to afford his mortgage. With the help of CEDC and counselor Heidi Reyes, “Lopez is happily living within his means. He feels at peace in his home, and is most appreciative because of the positive effect this has had on his children. His greatest wish was for them to remain happy and stable in their home – and the help he received through Cabrillo EDC made his wish a reality,” the report said.
“It’s a pleasure to work alongside Heidi Reyes who is an expert in the subject matter and who is passionate about making a difference in the lives of families who need assistance in saving their homes. She is an inspiration to our HomeOwnership Center and continues to change many lives in the community for the better,” said Omar Madrigal, HomeOwnership Center Director.
The NFMC program has served more than two million homeowners in the United States, District of Columbia and Puerto Rico. The NFMC Program was created by Congress to address the nationwide foreclosure crisis by dramatically increasing the availability of housing counseling for families at risk of foreclosure.
Highlights of the report include:
- State by state profiles of 52 homeowners and housing counseling agencies provide examples of the NFMC Program’s impact nationwide. These profiles include: 34 homeowner success stories, and 18 counseling agency feature stories.
- The NFMC Program has awarded more than $802 million to 204 State Housing Finance Agencies, HUD-Approved Housing Counseling Intermediaries, and NeighborWorks Network organizations to provide counseling to distressed homeowners.
- Training funds used to provide 15,227 scholarships to housing counselors, and created three online training courses for which 11,311 certificates of completion were issued.
- The NFMC Program strengthened housing counseling organizations and enhanced their capacity through grant funds that helped them create improved methods of foreclosure counseling, communicate more effectively with mortgage servicers and make process improvements.
The full report and Appendix can be accessed at www.neighborworks.org/2016SeptNFMCReport. The Appendix provides additional information on the following topics:
- Appendix 1: Number of Counseling Units Delivered by State
- Appendix 2: Number of Counseling Units Delivered by Congressional District
For additional information, please contact NeighborWorks’ Office of Public Policy and Legislative Affairs at 202-760-4136 or 202-760-4138 or Jeanette Villanueva, organizational advancement manager at CEDC at (805) 659-3791 ext. 147