ALLIANCE HOSTS FREE HOME RESCUE FAIR IN DC AREA TO HELP PRESERVE HOMEOWNERSHIP IN MINORITY COMMUNITI
March 09 2010
FOR IMMEDIATE RELEASE
Mar 9, 2010
ALLIANCE HOSTS FREE HOME RESCUE FAIR IN DC AREA TO HELP PRESERVE HOMEOWNERSHIP IN MINORITY COMMUNITIES
Manassas, VA —The Alliance for Stabilizing Our Communities—led by NCLR (National Council of La Raza), the National Urban League (NUL), and the National Coalition for Asian Pacific American Community Development (National CAPACD)—with the support of Bank of America will host a free Home Rescue Fair on Monday, March 15 from 4 p.m. to 8 p.m. at the Boys and Girls Club of Greater Washington, Carteret Mortgage Branch, 9501 Dean Park Lane, in Manassas, VA 20110. Loan specialists, housing counselors, and attorneys will provide extensive on-site counseling services to Washington, DC and northern Virginia families in multiple languages to provide homeowners at risk of foreclosure with expert advice and options.
The Home Rescue Fair, presented by Hispanic Committee of Virginia, is one of 40 fairs taking place in 27 communities throughout the country that are expected to serve more than 11,000 households, helping to keep families in their homes or find the best options for them.
Minority communities have been the hardest hit by the economic downturn that plagues many American families. A new study by NCLR, The Foreclosure Generation: The Long-Term Impact of the Housing Crisis on Latino Children and Families, describes the impact of home foreclosures on Latino children and families.
The Alliance for Stabilizing Our Communities will receive $2.5 million from Bank of America to provide:
Additional housing counselors in local markets
Training for new and existing counselors
Multilanguage outreach materials to educate at-risk borrowers about their options
A new resource guide to help communities respond to foreclosure challenges
To learn more about the Alliance or to find out what can be done to prevent your home from going into foreclosure, contact Hispanic Committee of Virginia at (703) 671-5666. For more information, visit www.nclr.org | http://www.facebook.com/nationalcounciloflaraza | http://www.myspace.com/nclr2008 | http://twitter.com/nclr.
WHO: Alliance for Stabilizing Our Communities: NCLR, NUL, and National CAPACD; Bank of America housing counselors; loan specialists, attorneys, and translators
WHEN: Monday, March 15, 4:00 p.m. to 8:00 p.m.
WHERE: Boys and Girls Club of Greater Washington Carteret Mortgage Branch 9501 Dean Park Lane Manassas, VA 20110