Greenville News (SC) (06/12/08); Walton, E. Richard
The National Urban League and the MetLife Foundation will award a $1 million grant to Chicago, Seattle, St. Louis, Dallas and Greenville, S.C., to provide homeownership opportunities and related mortgage counseling services. The cities will share the funding as part of an expansion of the organizations' existing partnership; and the success of their efforts will be tied to the number of people who receive counseling to buy a home, who are able to maintain their homes and are able to avoid foreclosure. The partnership, which hopes to increase homeownership among African Americans in the five markets, chose the cities because of their infrastructure of counselors and their history of producing "educated" homeownership. The housing counselors will refer people who can qualify for a loan to lending and mortgage companies.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment