Organizations Filed Purposes:
HELP PREVENT/MITIGATE IMPACT OF FORECLOSURES ON LOW/MOD INCOME PERSONS; STABALIZE HOUSING MARKETS.
LOAN PRESERVATION ASSISTANCE PROGRAM: THE LOAN PRESERVATION ASSISTANCE (LPA) PROGRAM CONTINUED TO ASSIST HOMEOWNERS WHO HAVE REGAINED EMPLOYMENT OR RECOVERED FROM FINANCIAL DISTRESS TO ENSURE THEIR HOME LOANS BECOME, OR REMAIN, AFFORDABLE. THERE ARE FOUR DISTINCT, EXCLUSIVE BENEFITS AVAILABLE THROUGH THE LPA PROGRAM.REINSTATEMENT ASSISTANCE PAID UP TO $15,000 IN ARREARAGES OR FEES FOR CERTAIN RECIPIENTS OF THE MORTGAGE PAYMENT ASSISTANCE PROGRAM AND SERVED AS AN EXIT PATH FOR THOSE RECIPIENTS OF MORTGAGE PAYMENT ASSISTANCE. PRESERVATION ASSISTANCE PAID UP TO $40,000 OF ARREARAGES OR FEES TO LENDERS/SERVICERS ON BEHALF OF HOMEOWNERS WHO HAVE RECOVERED FROM A PERIOD OF UNEMPLOYMENT OR FINANCIAL DISTRESS. PROPERTY TAX ASSISTANCE PAID UP TO $40,000 OF PROPERTY TAX ARREARAGES TO COUNTY TAX AUTHORITIES. REVERSE MORTGAGE ASSISTANCE PAID UP TO $40,000 OF PROPERTY TAX, HOMEOWNER'S INSURANCE AND/OR HOMEOWNER OR CONDO ASSOCIATION FEES AND/OR ASSESSMENTS IMPOUNDED. THE PRESERVATION, PROPERTY TAX, AND REVERSE MORTAGE BENEFIT LIMIT IS A COLLECTIVE AMOUNT. PROGRAM PAYMENTS OF $12,639,070 WERE MADE DURING THE YEAR ENDED DECEMBER 31, 2019.
MORTGAGE PAYMENT ASSISTANCE PROGRAM:THE MORTGAGE PAYMENT ASSISTANCE PROGRAM CONTINUED TO ASSIST UNEMPLOYED,UNDEREMPLOYED, OR FINANCIALLY DISTRESSED HOMEOWNERS BY PROVIDING FULL MONTHLY MORTGAGE PAYMENTS. FUNDS ARE PAID TO LENDERS/SERVICERS FOR UP TO 12 MONTHS OR $20,000, WHICHEVER IS REACHED FIRST. PROGRAM PAYMENTS OF $11,051,085 WERE MADE DURING THE YEAR ENDED DECEMBER 31, 2019.
PRINCIPAL REDUCTION/LIEN EXTINGUISHMENT PROGRAM: THE PRINCIPAL REDUCTION/LIEN EXTINGUISHMENT PROGRAM ASSISTS FINANCIALLY DISTRESSED HOMEOWNERS LIVING ON A FIXED INCOME BY PROVIDING IMMEDIATE MORTGAGE PAYMENT RELIEF AND STABLE HOUSING EXPENSE PAYMENTS THAT ARE AFFORDABLE AND SUSTAINABLE OVER THE LONGTERM. FUNDS ARE PAID TO THE FIRST MORTGAGE LENDERS/SERVICERS AS A ONE-TIME PAYMENT UP TO $50,000 TOWARD PRINCIPAL REDUCTION AND RECAST OR LIEN EXTINGUISHMENT, PLUS UP TO $36,000 TO REINSTATE THE MORTGAGE. HOWEVER, ELIGIBLE HOMEOWNERS ARE LIMITED TO RECEIVING A MAXIMUM OF $75,000 IN TOTAL ASSISTANCE FROM THE MORTGAGE PAYMENT ASSISTANCE PROGRAM, LOAN PRESERVATION ASSISTANCE PROGRAM, AND PRINCIPAL REDUCTION/LIEN EXTINGUISHMENT PROGRAMS COMBINED. PROGRAM PAYMENTS OF $9,932,094 WERE MADE DURING THE YEAR ENDED DECEMBER 31, 2019.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| John Sears | DIRECTOR | 1 | $0 |
| Gordon Crisman | DIRECTOR | 1 | $0 |
| Kim Freeman | SECRETARY AND DIRECTOR | 1 | $0 |
| Caleb Yant | TREASURER AND DIRECTOR | 1 | $0 |
| Emese Perfecto | PRESIDENT AND DIRECTOR (PART-YEAR) | 1 | $0 |
| Julie Cody | PRESIDENT AND DIRECTOR (PART-YEAR) | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202033219349314073_public.xml