$5 Million Initiative Addresses Mortgage Foreclosure Crisis

In response to the national mortgage foreclosure crisis, The San Francisco Foundation joined forces in a public/private partnership to support the California Home Owner Preservation Initiative. This important collaboration has already raised $5 million from financial institutions, foundations, and private donors, and is expected to help thousands of homeowners currently at risk of foreclosure. This first-of-its kind Initiative will provide grants to community-based nonprofit housing counseling agencies to expand the availability of foreclosure intervention counseling services in California during the next two years.

The following 24 organizations received grants from the funds distributed by The San Francisco Foundation, totaling $2,860,400. Additional grants were distributed by the California Community Foundation.

• Amador-Tuolumne Community Action Agency
• Asian, Inc.
• ByDesign Financial Solutions
• California Rural Legal Assistance
• City of Vacaville
• Consumer Credit Counseling Service of San Francisco
• Community Housing Council of Fresno
• Community Housing Development Corporation
• Community Housing Improvement Program
• Community Legal Services of East Palo Alto
• East Palo Alto Can Do
• Housing and Economic Rights Advocates
• LAO Family Community Development
• Mission Economic Development Agency
• Monterey County Housing Alliance
• Neighborhood Housing Services Silicon Valley
• Northern Circle Indian Housing Authority
• Project Sentinel
• Sacramento Home Loan and Counseling
• Sacramento Neighborhood Housing Services
• Self Help Enterprise
• Unity Council
• Vallejo Neighborhood Housing Services
• Visionary Home Builders
  

To learn more about the California Home Owner Preservation Initiative, please contact Nirmala Ramalingam at 415.733.8500.