Beginning in February, OnTrack Financial Education & Counseling will offer local information sessions to help people determine if they are eligible for mortgage payment assistance from the N.C. Foreclosure Prevention Loan Program.
The N.C. Foreclosure Prevention Fund makes mortgage payments for qualified unemployed workers, including returning veterans, while they look for jobs or complete job training. The program is offered statewide by the N.C. Housing Finance Agency (NCHFA) and funded by the U.S. Department of the Treasury. On- Track Financial Education & Counseling (OnTrack WNC) is NCHFA’S program partner responsible for helping consumers in Western North Carolina.
Statewide this foreclosure prevention effort has helped 15,000 North Carolinians who lost jobs. On- Track WNC has helped over 600 families in western NC obtain almost $13 million dollars worth of assistance.
“Statewide funding is still available to help another 6,000 homeowners,” said Tom Luzon, Director of the Foreclosure Loan Program for OnTrack WNC, “and we want to ensure that even more Macon County families get the help they need.”
To increase awareness and reach more people who might be eligible for assistance, OnTrack WNC has partnered with the Yancey County Joblink at the Macon County Career Center to provide Mortgage Payment Program Orientation Workshops.
The orientation session which will review program eligibility, terms of the assistance, and documentation required to make an application.
The next Orientation Workshop will be held at the Macon County Joblink at Macon County Career Center Tuesday, March 28, 10 a.m. to 12 p.m.
Preregistration for the free orientation workshop is the first step in getting the mortgage payment assistance.
Call OnTrack WNC 1-800-737-5485 to reserve a place.
“This has been a huge effort that is benefitting the whole state,” said A. Robert Kucab, executive director of the N.C. Housing Finance Agency. “Since the end of 2010, the N.C. Foreclosure Prevention Fund has saved more than $2.1 billion in property, stabilizing the property values and strengthening local economies. All 100 counties have benefitted.”