Posted by Jill Norcross on June 29, 2010 at 09:10:06:
Housing Association of Nonprofit Developers Names County’s Foreclosure Efforts Best Government Initiative
June 7, 2010
by Maryland RealEstateRama
Category: News || Housing & Development | No CommentsJune 7, 2010 - (RealEstateRama) —
Montgomery County’s comprehensive approach to prevent foreclosures today received the Best Government Initiative Award by the Housing Association of Nonprofit Developers (HAND). The award was presented at HAND’s 19th Annual Meeting and Awards Luncheon, held in McLean, Virginia.
“It is gratifying to be recognized for our efforts,” said County Executive Isiah Leggett. “Foreclosures hurt families and they hurt communities. It is important that we employ all strategies available to combat them.”
The award recognizes the comprehensive approach taken by the County’s Department of Housing and Community Affairs (DHCA) to prevent foreclosures, mitigate their impact and preserve affordable housing. DHCA’s initiatives include the provision of $9.5 million to nonprofit developers and the Housing Opportunities Commission to acquire, rehabilitate and sell or rent foreclosed homes; organizing meetings for at-risk home buyers; providing housing counseling; working with area banks and realtors; matching state foreclosure prevention funding; enhancing code enforcement; and hosting an annual Housing Fair and Financial Fitness Day.
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