The Mortgage Assistance Program (MAP) provides loans to homeowners at risk of foreclosure. MAP loans help homeowners achieve sustainable, affordable mortgage payments.
MAP is funded by the City of New York through the Department of Housing Preservation and Development, as well as through private donations, including a grant from the Ford Foundation. Sustainable Neighborhoods LLC, an affiliate of Center for NYC Neighborhoods (CNYCN), is the administrator of MAP.
In order to apply for MAP, homeowners must work with a qualified housing counselor or free legal services provider.
When Mr. Wilmet Colon was diagnosed with a medical condition that left him unable to work, he was unable to afford his monthly mortgage payments. Mr. Colon sought assistance from Staten Island Legal Services (SILS). After months of negotiations, the staff at SILS was able to secure a non-HAMP modification from Mr. Colon's mortgage servicer, but it required a down payment. That's where MAP came in. In December 2010, Mr. Colon received a MAP loan to qualify for the modification. Mr. Colon is now able to afford his monthly mortgage payments and no longer has to worry about the stress of an unaffordable loan.