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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)

Los Angeles Default and Foreclosure Rates Remain Lower than California Average
Understanding Homeowners at Risk of Foreclosure in Southern California (PDF - 388KB)
John Olson, Federal Reserve Bank of San Francisco
Subprime Mortgage Crisis: Context, Causes, Solutions (PDF - 283KB)
Paul Leonard, Center for Responsible Lending
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Los Angeles local taskforce:
Los Angeles Homeownership Preservation Taskforce (LA HOPT)

To become involved, please contact Lori Gay, President
LA Neighborhood Housing Services

Inland Empire local taskforce:
Foreclosure Prevention Taskforce

To become involved, please contact Jerry Mayer, U.S. Department of Housing and Urban Development 714-796-1200 x3211 or Rose Mayes, Executive Director, Fair Housing Council of Riverside County, Inc., 951-682-6581.

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)

Colorado Housing Division
Consumer Credit Solutions
Freddie Mac, Foreclosure Avoidance Research
Homeownership Preservation Foundation
NeighborWorks America
U.S. Department of Housing and Urban Development

For more information:

Contact Melody Winter Nava