Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The Institute for Foreclosure Legal Assistance gave $6.5 million in grants to foreclosure prevention programs at legal-aid organizations in 19 states foreclosure prevention and Washington, D.C. The institute’s three-year grants of $75,000 to $375,000 are for existing programs. In January, the institute plans to award a second round of funding to organizations that want to start new programs. The Institute has also set aside money to fund cases that could set precedents and for attorneys, including non-grantees, to pay expert witnesses, travel and litigation costs. The Center for Responsible Lending formed the Institute last fall with funding from the investment firm Paulson and Co. Inc. and the National Association of Consumer Advocates manages the institute. “Legal services attorneys have been on the front lines of fighting against foreclosures for many years, and I am thrilled that we can provide funding to some of our nation’s best legal advocates,” said Ira Rheingold, executive director of NACA. “My only regret is that there is not enough money available to fund all the deserving programs attempting to meet the legal needs of families across the country desperate to prevent losing their home to foreclosure.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.