Neighborhood Stabilization: Legal Issues (New)

The Neighborhood Stabilization Program was created to address the foreclosure crisis, create jobs, and grow local economies by providing communities with the resources to purchase and rehabilitate foreclosed homes and convert them to affordable housing. NSP is also trying to prevent future foreclosures by requiring housing counseling for families receiving homebuyer assistance funds through NSP. In addition, it seeks to protect homebuyers by requiring grantees to ensure that new homebuyers under this program obtain a mortgage from a lender who agrees to comply with sound lending practices. This workshop will identify the various participants and programs at work under the NSP and review the variety of strategies and opportunities for participation available to community-based nonprofit organizations seeking to be involved in these crucial efforts. Specifically, the workshop will discuss NYC's REO Program (focused on acquiring, rehabilitating and re-selling lender-owned properties), Asset Control Area (ACA) Program (focused on FHA-foreclosed properties), and Owner-Abandoned Multifamily Property Strategy.

For more information, click here - http://www.lawyersalliance.org/workshops_descriptions.php#255

PRICING

Unless otherwise indicated, the registration fee for each workshop is $50/person;
$45/person if we receive payment at least three days in advance; and free for
representatives of current New York Foundation grantees.