WASHINGTON, D.C. – June 3, 2013 – (RealEstateRama) — BROOKLYN, NY – Today, Representative Yvette D. Clarke released the following statement after the Department of the Treasury and the Department of Housing and Urban Development announced an extension of the Making Home Affordable Program through December 31, 2015.
“We have a responsibility to protect our communities from the threat of foreclosure,” said Representative Clarke. “In addition to the families that are displaced, foreclosure also harms other residents of the neighborhood by reducing property values and preventing the recovery of the market in houses.”
Since the program was introduced in 2009, almost 1.3 million homeowners have received assistance, such as the modification of their mortgages to reduce their monthly payment and prevent foreclosure. Modifications under this program have a much lower rate of delinquency and re-default, compared with modifications by banks and other private lenders.
In addition, the program includes several important protections for homeowners, such as a requirement that lenders inform families about options for modification before referring the mortgage for foreclosure.
U.S. Representative Yvette D. Clarke is a member of the House Committee on Small Business, where she is the Ranking Member of the Subcommittee on Investigations, Oversight, and Regulations; Ethics; and Homeland Security, where she is the Ranking Member of the Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies. She represents several neighborhoods in central and southern Brooklyn, NY which includes Brownsville, Crown Heights, East Flatbush, Flatbush, Gerritsen Beach, Madison, Midwood, Ocean Hill, parts of Park Slope and Flatlands, Prospect Heights, Prospect-Lefferts Gardens, Sheepshead Bay, and Windsor Terrace.
- U.S. Rep. Yvette D. Clarke Lauds FEMA, Calls for Permanent Housing Solution
Washington, DC - February 7, 2013 - (RealEstateRama) -- U.S. Representative Yvette D. Clarke issued the following statement commending the Federal Emergency Management Agency (FEMA) on the 14-day extension to the Transitional Sheltering Assistance (TSA) program for New Yorkers, and called for a permanent housing solution for residents displaced by Superstorm Sandy....
- NYC Congressional Delegation Urges Federal Government to Aid in Remediation of Mold in Wake of Superstorm Sandy
WASHINGTON, DC - February 8, 2013 - (RealEstateRama) -- Today, U.S. Representatives Yvette D. Clarke, Jerrold Nadler and members of the New York City Congressional Delegation have called for immediate action on behalf of homeowners whose property were left uninhabitable and in need of mold abatement after Superstorm Sandy. In a joint letter to Shaun Donovan, Secretary of the U.S....
- Governor Cuomo Announces Foreclosure Prevention Program to Offer Help to Bedford-Stuyvesant Homeowners
Albany, NY – July 11, 2012 – (RealEstateRama) — Governor Andrew M. Cuomo today announced that the Department of Financial Services, in partnership with Neighborhood Housing Services of Bedford-Stuyvesant, is reaching out to offer help to Bedford-Stuyvesant area homeowners in Brooklyn struggling to save their homes from foreclosure. Foreclosure prevention specialists will be available to [...]...
- HPD Commissioner Wambua Continues Preference For Displaced Sandy Victims At East Clarke Place Court, A New Affordable Housing Development
Bronx, N.Y.- March 25, 2013 - (RealEstateRama) -- New York City Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua today announced the latest City-subsidized affordable housing development to offer preference to income-eligible New Yorkers displaced from their homes by Hurricane Sandy. Twenty-five percent of the units in East Clarke Place Court now being marketed in the Highbridge...
- Chase Joins Second-Lien Program to Keep More Families in Homes
NEW YORK, NY - March 22, 2010 - (RealEstateRama) -- Chase announced today that it will provide additional help to struggling homeowners by joining the second-lien program of the federal government's Home Affordable Modification Program....
- At Gillibrand & Schumer’s Urging, Feds Lift Restrictions for Hundreds of Sandy Homeowners Currently Disqualified for Disaster Aid
- House passes crucial job training legislation
- Tonko Statement on Housing for Undocumented Children
- Governor Cuomo Announces $14 Million in Awards for Affordable Housing
- Governor Cuomo Deploys DFS Mobile Command Center to Branchport to Help Finger Lakes Area Flood Victims
- EPA Settlement with Rochester Area Home Builder Protects Area Waterways; Developer Agrees to Construct Project to Reduce Polluted Stormwater Discharges
- NYCOM Conference, Ribbon Cuttings and Equity Fund Forum Highlight Trip to Finger Lakes Region
- CKX Declares December 31st Record Date for Dividend of FX Real Estate and Entertainment Shares
- Jones Lang LaSalle Hires Seasoned Industrial Real Estate Professionals to Strengthen Client Services in Long Island
- First Affordable Housing Development in Brooklyn with Solar Panels
- “Green” Forum Highlights 545 Madison Avenue as Showcase of Sustainability
- New York State Senate Confirms Bill Myers to the Board of the State of New York Mortgage Agency
- New York State home sales continue to post gains compared to 2009
- Gillibrand Introduces Solar Energy Legislation
- HDC Board Approves $55.5 Million in Tax-Exempt Multi-family Housing Revenue Bonds
- Diversity Works’ Unique Model Combines Permanent Supportive Housing and Family Preservation Services