Help for South Shore Families Facing Foreclosure

Support for Foreclosed Families

Interfaith Social Services is pleased to announce that it has received $50,000 from the Massachusetts Attorney General’s Office to help foreclosed upon individuals and families finance new housing. Eligible applicants receive a onetime award to help with security deposits, as well as first and last month’s rent. Other moving related expenses may also be covered. Awards are subject to the approval of the Attorney General’s office.

These funds are available as an outcome of the settlement with Morgan Stanley announced last June by the Attorney

General’s Office. The target recipients for these awards are borrowers who acquired a home loan at a subprime rate. These borrowers have faced an especially difficult time maintaining their mortgage payments during this recession.

For more than two decades Interfaith Social Services has been providing emergency financial assistance for rent, utilities and certain medically related expenses for hundreds of South Shore residents each year through its HomeSafe Program. HomeSafe is a homelessness prevention program that helps families remain “safe in a home” instead of the alternative. The foreclosure assistance program is a one year effort to help more of our neighbors acquire safe and secure housing.

For more information and to acquire an application form, contact Interfaith Social Services (617) 773-6203 and ask for foreclosure assistance.

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