CNYCN and Partners Host Rise Up & Stay Put! Home Rescue Fairs in Queens and Brooklyn
The Center for NYC Neighborhoods (CNYCN) alongside national and local partners hosted two Rise Up & Stay Put! Home Rescue Fairs in Queens and Brooklyn this summer. More than 1,640 community members attended, with some 1,150 homeowners receiving in-person assistance from banks and housing experts.
Attendance for the August 7th event at York College in Jamaica, Queens was over 1,100, while the event held at Long Island University in Brooklyn had some 530 attendees.
"We are pleased with the total turnout for both of these home rescue fairs. It shows us that there continue to be thousands of New Yorkers in need of assistance. The face-to-face contact with lenders and the free services that our expert counselors and attorneys can offer help homeowners arrive at real solutions. We are seeing tangible results such as new case files opened, existing files updated, clients receiving loan modifications and more,” said Michael Hickey, Executive Director of CNYCN. “We are also working with the servicers to understand and maximize the outcomes from these events, particularly how many modifications are achieved as a direct result of them."read more...
CNYCN and Partners Host First Rise Up & Stay Put!
Home Rescue Fair in Brooklyn
Homeowners at the Registration at LIU, Brooklyn homeowners who
received services from their
lender and housing counselors.
On
Saturday, June 26th, CNYCN hosted the first Rise Up & Stay Put!
Home Rescue Fair at LIU in Brooklyn. The event drew close to 530 attendees, and more than 380
individual mortgage holders received services from participating banks, housing
counseling agencies and legal service providers. Nine major lenders were in
attendance, including Bank of America, Chase, Citi, Wells Fargo, HSBC, GMAC,
One West/Indy Mac, Litton, LPBS, in addition to Fannie Mae, and Freddie Mac.
According
to the exit surveys collected from the participating homeowners, 53% of the
attendees left “very satisfied,” and an additional 33% left “satisfied.” Many
servicers expressed their feeling that event was one of the most organized
homeowner foreclosure prevention fairs they had attended. CNYCN was supported
by our lead organizing partner Pratt Area Community Council, as well as members
of the Alliance for Stabilizing our Communities (National Urban League,
National CAPACD, La Raza and Bank of America), in addition to AARP,
NeighborWorks, HUD and the New York City Department of Housing Preservation and
Development. CNYCN’s media partners included KISS FM, Hot 97 and WPIX.
The event ‘s special guests included Bob Slade from KISS FM and WPIX
Morning News Anchor James Ford. Senator Velmanette Montgomery also stopped by
to meet with homeowners and staff.
The ethnic breakdown of the homeowners who attended was: 69% Black, 18%
Hispanic, 6% Asian, 5% White and 2% other. The lenders that received the most
clients included Chase, Citi and Bank of America
The
next Rise Up & Stay Put! will be hosted at York College in Jamaica, Queens
on Saturday, August 7th. Please mark your calendar for this event as
we are again in need of volunteers, counselors, attorneys and other partners
that are interested in offering free services to distressed New York City homeowners.
You always struggle to make your monthly payments. You have two or more mortgages or line of credit on one property. The interest rate on your mortgage keeps increasing. Despite regular payments, your principal amount keeps increasing. You are only paying interest.
By Chhaya CDC (means shelter), CNYCN Network Partner servicing Queens community. Services available in English, Bangla, Hindi and Urdu.
You always struggle to make your monthly payments.