[Durham INC] Durham Homeownership and Foreclosure Expo Feb. 21

[Blalock, Amy]

CITY OF DURHAM

Office of Public Affairs

101 City Hall Plaza

Durham, NC 27701

 

 

News Release

 

For Details, Contact:

Amy C. Blalock

Senior Public Affairs Specialist

(919) 560-4123 x 253

(919) 475-7735 (cell)

Amy.Blalock at durhamnc.gov <mailto:Amy.Blalock at durhamnc.gov> 

 

For Immediate Release:  February 2, 2009

 

Durham Responds to Continuing Housing Crisis With Foreclosure Workshop 

Workshop Will Provide Homeownership Counseling and Purchase
Opportunities, Foreclosure and Prevention Tips, and Assistance for
Unemployed Residents 

 

Durham, N.C. - Durham homeowners feeling the pinch of the national
economic crisis can again seek help thanks to another City-sponsored
foreclosure prevention and intervention workshop.  Residents who are
interested in purchasing their first home will also receive assistance
and valuable information.

 

The City of Durham's Departments of Neighborhood Improvement Services
and Community Development, along with the Neighborhood Pride Alliance,
are continuing with their public education campaign to encourage
homeowners in financial trouble to seek assistance early.  

 

On Saturday, February 21, 2009, the Durham Homeownership and Foreclosure
Expo will take place from 10:30 a.m. - 2:30 p.m. at Hillside High School
Auditorium, located at 3727 Fayetteville Street, Durham.  Registration
for the expo will begin at 9:30 a.m.

 

This event will provide homeownership counseling, information on
homeownership opportunities through the City, tips on how to prevent
foreclosure, as well as assistance for Durham residents that are
unemployed and facing foreclosure.  

 

New for this year, the event will feature a special program for
residents who have lost their jobs due to the present economy, such as
through lay-offs, plant closings or company downsizings.  No interest
loans, provided through the N.C. Home Protection Program and Loan Fund
and administered by the North Carolina Housing Finance Agency, can help
Durham residents keep their homes while they search for new employment
or receive new job training.  Durham residents who qualify can receive
up to 18 months of financial assistance, not to exceed $18,000 at zero
percent interest, deferred for up to 15 years.  Durham residents
enrolled in a two-year training program can receive up to 24 months of
financial assistance, not to exceed $24,000 at zero percent interest,
also deferred for up to 15 years.  

 

Partners in the Durham Homeownership and Foreclosure Expo also include
the City's Office of Economic and Workforce Development and Department
of Human Relations as well as the N.C. Housing Finance Agency, Durham
JobLink Career Center, SunTrust Bank, Radio One, Triangle East Chapter
of 100 Black Men, BB&T Bank, Regional Community Development Group,
Durham office of Legal Aid of North Carolina, and the U.S. Department of
Housing and Urban Development.  

 

To pre-register for this event, or for more information, contact Cynthia
Mebane-Watts, community relations coordinator with the City's Department
of Neighborhood Improvement Services, at (919) 560-1647, extension 265
or via e-mail at cynthia.mebane-watts at durhamnc.gov. 

 

About the Neighborhood Pride Alliance

Approximately one year ago, the City's Department of Neighborhood
Improvement Services formed a task force to address various community
issues facing Durham.  As a result, the Targeted Neighborhood
Revitalization Task Force was created to focus on three areas within
Durham - North East Central Durham, South West Central Durham and the
Southside/St. Theresa area.  The task force selected as its name
"Neighborhood Pride Alliance."  The Neighborhood Pride Alliance has
three standing committees:  Preservation, Education, and Development,
Resource and Investment.  Each one of these standing committees has
chosen special projects to address in the Durham community.  The
Education Committee has selected as its first project to address home
foreclosure increases in Durham.  

 

About the Department of Neighborhood Improvement Services

The Department of Neighborhood Improvement Services is dedicated to
improving the quality of life for Durham's residents by increasing
access to safe, livable housing and by improving the city's physical
environment.  For more information, visit the City's Web site at 
www.durhamnc.gov/departments/nis.

 

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