Mass. officials announce anti-foreclosure grants
More than $19 million in grants have been awarded to cities, towns, and organizations across Massachusetts to assist communities and homeowners in alleviating the impacts of the foreclosure crisis.
State Attorney General Martha Coakley announced the awarding of ‘‘HomeCorps’’ program grant funding Monday morning.
Two of the program’s grants will help fund statewide initiatives that provide direct assistance to borrowers. Eighteen recipients will receive grants through the program’s community revitalization effort.
The HomeCorps program aims to ensure that all Massachusetts borrowers facing foreclosure receive an evaluation and assistance from a loan modification specialist. It’s funded by the state’s share of a nationwide settlement involving the five largest mortgage servicers and their connection with unlawful foreclosures and loan servicing.