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The Federal Reserve Bank of San Francisco
Community Development

Preserving Homeownership - Preserving Communities Roundtables

San Francisco-Fresno-Los Angeles-San Diego-Las Vegas-Phoenix-
Salt Lake City

Roundtable Agenda (PDF)

Central Valley Default and Foreclosure Rates Higher than California Average
Understanding Homeowners at Risk of Foreclosure in the Central Valley (PDF - 388KB)
Dave Buchholz, Federal Reserve Board
Subprime Mortgage Crisis: Context, Causes, Solutions (PDF - 283KB)
Paul Leonard, Center for Responsible Lending
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Local Initiative:
No Homeowner Left Behind
To become involved, contact Jeff Schrager

Debt Relief Grants for Delinquent Homeowners in California
Money Management International, (MMI) a consumer credit counseling agency, has announced a new $1mm debt relief grant program available in California and Nevada to assist qualified homeowners that have fallen behind in their mortgage payments. The program, known as PHASES (Preserving Homeownership and Savings Education Strategy), consists of a series of counseling sessions, an online education program and the opportunity to receive a grant for up to $5,000 to bring past due mortgage payments and some consumer loan payments current. To participate, homeowners must qualify according to program restrictions.  Click here for more information and how to apply. (PDF - 178KB)

ACORN Housing
ByDesign Financial Solutions
NeighborWorks America
U.S. Department of Housing and Urban Development

For more information:

Contact Lena Robinson