GA HOME SAFE – New Program

Important HomeSafe Georgia News

On September 28th the Georgia Department of Community Affairs announced the launch of Underwater Georgia, a new HomeSafe initiative specifically targeted to the approximately 150,000 Georgians who owe more than their homes are worth. Homeowners approved through Underwater Georgia can receive a one-time payment of up to $50,000 to reduce the principal balance on their home. In addition to providing information about Underwater Georgia – without doubt the most significant and potentially impactful HomeSafe program modification to date – this document also chronicles other important activity associated with HomeSafe that has occurred since the January 2016 publication of HomeSafe Georgia – Making the Most of a Valuable Resource, which documented and analyzed HomeSafe’s application intake, approval and disbursement history and made recommendations for program modification and expansion.

[1] Information in this section from DCA Memo: New Mortgage Assistance program to Launch September 28th, and Underwater Georgia Mortgage Principal Reduction Aid Communications Toolkit, September 22, 2106.
[2] See Office of the Special Inspector General for the Troubled Asset Relief Program, https://www.sigtarp.gov/Audit%20Engagement%20Memorandums/Engagement_Memo_GA_Hardest_Hit_Fund_Audit.pdf, September 12, 2016.
[3] See Atlanta Journal Constitution, http://politics.blog.ajc.com/2016/09/13/feds-to-audit-foreclosure-aid-program-in-several-atlanta-area-counties/, by Tamar Hallerman, September 13, 2016.
[4] See http://www.housingwire.com/articles/36326-treasury-boosting-hardest-hit-fund-by-2-billion-extends-program-to-2020 (HousingWire, Treasury Boosting Hardest Hit Funds by $2 billion, Ben Lane, February 19, 2016) and See https://www.treasury.gov/press-center/press-releases/Pages/jl0434.aspx (US Treasury, Treasury Announces Allocation of Final $1 Billion Among Hardest Hit Fund States, April 20, 2016).

William H. McFarland
Relationship Manager, Georgia ACT
Project Director, Housing Georgia
404 – 586 -0740 (office)
404-790-6607 (cell)

Georgia lags in foreclosure help

Georgia lags in foreclosure help

State says it will meet goal of aiding at-risk homeowners.

By Dan Chapman dchapman@ajc.com 

   Georgia, given $340 million in federal money three years ago to help at-risk homeowners, has spent only a quarter of the money, according to a newly released Inspector General’s report critical of the state’s efforts to ease the foreclosure crisis.   Only Indiana and Alabama have dispensed proportionately less.   About 5,900 Georgians fewer than one-third the number initially estimated have received assistance intended to save homes and neighborhoods.

   “It’s very concerning that we’re more than half way through the program and the funds will have go back to the Treasury if not used by 2017,” said Kristen Tullos, an attorney with Atlanta Legal Aid Society, which assists homeowners facing foreclosure. “We are not on track at this point.”   But the state Department of Community Affairs, which administers the so-called “hardest hit fund,” said this week that Georgia will meet its foreclosure target.  “We’ve turned the corner, and we’re definitely on track to spend all the funds by Dec. 31, 2017,” said Brenda McGee, the program’s director. The Great Recession killed hundreds of thousands of Georgia jobs and left homeowners unable to pay mortgages. Nearly a quarter million metro Atlanta households plunged into foreclosure since 2006. neighborhoods primarily across the region’s southern tier, as well as in Gwinnett County, deteriorated as vandalism, blight and weeds took root. 2010 was the foreclosure nadir across metro Atlanta with 93,000 foreclosure notices.   As the economy improved, and unemployment dropped, foreclosures plummeted. Metro Atlanta should see fewer than 20,000 foreclosures this year as the region returns to pre-recession levels of housing distress. But the scars to communities and homeowners — remain. And Georgia maintains the nation’s highest unemployment rate.

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13th Annual Affordable Housing Conference

 

13th Annual Fall Affordable Housing Conference

 

When Wednesday October 29, 2014 from 8:30 AM to 5:00 PM EDT Add to Calendar

 

Where

State Bar of Georgia Conference Center 104 Marietta Street 3rd Floor Atlanta, GA 30303 Driving Directions

Interested in affordable housing?  Want to know what nonprofit housing organizations in Georgia are doing? Want to make some connections? Then join us at the 13th Annual Fall Affordable Housing Conference – it’s just a few short weeks away. The conference offers a wonderful opportunity to interact with housing practitioners, advocates, intermediaries, and other stakeholders in one venue. The goals of the conference are to:

  • Advance innovative housing strategies and best practices;
  • Increase participation of nonprofit housing organizations in state-administered housing programs to benefit underserved neighborhoods and communities, lower-income residents, struggling homeowners, and persons interested in buying a home;
  • Encourage more investment in housing and community development by bringing together lenders, consultants, government agencies and others with nonprofit housing organizations.

Join us in Atlanta to share, learn, and take care of business. Early registration ends this Friday, October 10th. Click on the link below to register.

 

 

 

Get more information
Register Now!
I can’t make it
Register for a full day of sessions and stick around for the reception before hitting the road. Register now and save. Through October 10th, registration is only $40 for members of Georgia ACT and $80 for non-members.  Click here for the membership application.

Looking forward to seeing you in Atlanta at the conference just one month from now.

Sincerely,

 Kate Little

GSTAND

ksl1@gstand.org

404-586-0740

 

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Read the New Edition of “The Bridge” Newsletter

The New Edition of “The Bridge” Newsletter: “The Bridge” is HUD’s Office of Housing Counseling Newsletter for Housing Counselors. You can read the new edition of “The Bridge” on-line.

The Bridge Newsletter and LISTSERV Subscription Drive::The HUD Office of Housing Counseling frequently publishes “The Bridge” Newsletter and this LISTSERV.  The Bridge Newsletter focuses on Housing Counselors and highlights their hard work and the innovative best practices that contribute to improving the lives of American Families. The LISTSERV provides news and information for housing counselors on industry announcements, new policy notices, grant opportunities and guidance, employment opportunities, contracting opportunities, events, meetings, webinars and live training.  We want to make sure housing counselors do not miss out on the latest information. If you would like to sign up your staff or a new counselor at your agency, or recommend a housing counseling industry colleague to receive the Bridge Newsletter and LISTSERV, please visit our subscription website to sign up today. This service is free of charge.

Also see our LISTSERV archive of past messages. And the archive of past issues of The Bridge Newsletter

Save the Date: 13th Annual Fall Affordable Housing Conference

Attention: Housing Counselors, Housing Counseling Managers, Financial Education Providers and Training professionals!

Please save the date for the 13th Annual Fall Affordable Housing Conference, scheduled for October 29, 2014.  We will hold the conference at the State Bar of Georgia Conference Center, 104 Marietta Street, Atlanta, GA 30303.  The conference will have sessions of interest to affordable housing developers as well as housing counselors.  The opening speaker will be Matt Hauer with UGA’s Carl Vinson Institute of Government.  Plan to arrive at 8:30 a.m. for a continental breakfast and then don’t miss a word of Matt’s presentation, beginning shortly after 9 a.m.

 Registration will open September 15th.  

  Kate Little

 

The Bridge – HUD Housing Counseling Newsletter

Read the July 2014 Edition of “The Bridge” Newsletter:“The Bridge” is HUD’s Office of Housing Counseling Newsletter for Housing Counselors. You can read the new July 2014 edition of “The Bridge” on-line.

The Bridge Newsletter and LISTSERV Subscription Drive: The Office of Housing Counseling frequently publishes The Bridge Newsletter and this LISTSERV.  The Bridge Newsletter focuses on Housing Counselors and highlights their hard work and the innovative best practices that contribute to improving the lives of American Families. The LISTSERV provides news and information for housing counselors on industry announcements, new policy notices, grant opportunities and guidance, employment opportunities, contracting opportunities, events, meetings, webinars and live training.  We want to make sure housing counselors do not miss out on the latest information. If you would like to sign up your staff or a new counselor at your agency, or recommend a housing counseling industry colleague to receive the Bridge Newsletter and LISTSERV, please visit our subscription website to sign up today. This service is free of charge.

 

And the archive of past issues of The Bridge Newsletter

Georgia ACT!

After years of successful partnerships to support housing and community development efforts, the Atlanta Housing Association of Neighborhood-based Developers and the Georgia State Trade Association of Nonprofit Developers have created a single organization, Georgia Advancing Communities Together or Georgia ACT. 

Georgia ACT will continue AHAND’s and G-STAND’s legacies of providing high quality trainings, technical assistance to members, advocacy, and the annual affordable housing conference. In addition, Georgia ACT looks forward to expanding membership to include both nonprofit organizations and for-profit companies to encourage a more holistic approach to meeting the needs of the state’s underserved households and low-wealth communities.

To join Georgia ACT, contact Kate Little 

ksl1@gstand.org