The Homeownership Preservation Foundation (HPF), a Washington, D.C.-based nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner's HOPE Hotline program, received $3.4 million in grant funds from the National Foreclosure Mitigation Counseling (NFMC) program overseen by NeighborWorks America.
HPF says that it will use the funds to further support the foreclosure counseling services it provides for free to distressed homeowners through its national HOPE Hotline. This is the seventh consecutive year that HPF has received funding through the NFMC program, which is administered through a competitive application process by NeighborWorks America that adheres to guidelines defined by congressional legislation.
‘We warmly thank NeighborWorks America for this announcement and for their unwavering support for the critical work that counselors do every day for the millions of Americans still facing foreclosure,’ says Colleen Hernandez, CEO of HPF. ‘Countless studies from myriad academic, government and other independent sources, including NeighborWorks, have shown that housing counseling works.’