D.C.

D.C. may expand program to curb foreclosures

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WASHINGTON (AP) - Officials are considering making more people in the district eligible for a program that helps unemployed homeowners keep up with their mortgage payments.

The current program is limited to people who are receiving or have received unemployment insurance benefits within the last six months.

The decision could make it easier for area residents to access $20 million of foreclosure funds set aside for the HomeSaver Program, which was started by the city's Housing Finance Agency in January.

Housing Finance Agency Director Harry Sewell tells The Washington Post that there has been a slower than expected application rate and says the eligibility criteria for the program could be expanded by the end of summer or early fall if the number of applications doesn't increase.

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Information from: http://www.washingtonpost.coM

 

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