About Subprime Foreclosure Prevention Services:

The 2008-09 New York State budget provided $25 million to the NYS Housing Trust Fund Corporation (HTFC) for the development and administration of a subprime foreclosure prevention services program.

In June of 2008, HTFC released an open window Request for Proposals (RFP) seeking applicants that could provide a continuum of necessary foreclosure prevention services within a proposed service area. The required continuum of services included outreach/education, counseling, legal representation, and court-based services.

From August, 2008, through February, 2009, the HTFC approved sixty-four (64) grant awards to foreclosure prevention programs across New York which has resulted in services being available in every County within the State. The awardees were provided two-year contracts to provide the proposed services.

Due to the ongoing problems associated with foreclosure, the 2009-10 New York State budget appropriated an additional $21.8 million to the Housing Trust Fund Corporation (HTFC) to continue the State's foreclosure prevention effort started in the previous budget year. The new funds have been allocated from the Fiscal Stabilization Fund provided to the State under the American Recovery and Reinvestment Act (ARRA).

In October of 2009, HTFC released an open window Request for Proposals (RFP) seeking applicants that could provide a continuum of necessary foreclosure prevention services within a proposed service area. The required continuum of services included outreach/education, counseling, legal representation, and court-based services. Applications were accepted between October 28, 2009 and August 1, 2010.

From March, 2010, through September, 2010, the HTFC approved fifty-four (54) grant awards to continue the foreclosure prevention programs across New York State. The awardees contracts will expire December 31, 2011.

In addition to the direct service grants made to not for profits, HTFC has developed a training plan to provide foreclosure prevention training to both counseling and legal service providers. NeighborWorks America was contracted to provide training to counselors, and Empire Justice Center is providing training to attorneys. Please see the list of upcoming training opportunities. Training sessions are offered free of charge to any counselor or attorney who is providing free foreclosure prevention services to any New York homeowner facing default or foreclosure.

For Information Please Contact:

Caillin Furnari
(518) 486-1867
CFurnari@nyshcr.org

Subprime Foreclosure Prevention Hotline:
1-866-760-3745
1-888-736-8457 (En Espanol)