{"id":6811,"date":"2010-03-29T16:10:00","date_gmt":"2010-03-29T20:10:00","guid":{"rendered":"https:\/\/www.merkley.senate.gov\/merkley-oregon-to-receive-88-million-for-programs-tailored-to-assist-families-facing-foreclosure\/"},"modified":"2023-07-24T11:11:22","modified_gmt":"2023-07-24T15:11:22","slug":"merkley-oregon-to-receive-88-million-for-programs-tailored-to-assist-families-facing-foreclosure","status":"publish","type":"post","link":"https:\/\/www.merkley.senate.gov\/es\/merkley-oregon-to-receive-88-million-for-programs-tailored-to-assist-families-facing-foreclosure\/","title":{"rendered":"Merkley: Oreg\u00f3n recibir\u00e1 $88 millones para programas dise\u00f1ados para ayudar a las familias que enfrentan ejecuciones hipotecarias"},"content":{"rendered":"<p><strong><br \/>Washington DC<\/strong> &ndash; The U.S. Treasury Department announced Monday that Oregon will be eligible for $88 million to help families living in areas that have been hit hardest by the housing crisis to stay in their homes.&nbsp; The funding comes as part of an expansion of the Housing Finance Agency (HFA) Hardest Hit Fund.<\/p>\n<blockquote><p>&ldquo;While the housing crisis ripped the nation&rsquo;s economy apart, it tore at families in different communities in different ways, Merkley said.&nbsp; &ldquo;This funding addresses the complexity of the crisis by allowing Oregon to provide housing assistance that is tailored to hard-hit areas of the state and best helps families stay in their homes.&rdquo;<\/p><\/blockquote>\n<p>Under the program, Oregon Housing and Community Services may submit proposals for innovative housing initiatives designed specifically&nbsp; for regions of the state that have experienced severe damage to the housing market.<\/p>\n<p>When first announced by President Obama on February 19, 2009, the HFA Hardest Hit Fund provided assistance to five states.&nbsp; Today&rsquo;s expansion of program totals $600 million for an additional five states that have been hit by concentrated unemployment, including $88 million for Oregon.<\/p>\n<blockquote><p>&ldquo;The economic benefit for Oregon communities reaches beyond help for families underwater on their mortgage.&nbsp; Because foreclosures can damage home values across an entire neighborhood or city, this kind of assistance benefits all homeowners in the area, even those who aren&rsquo;t at risk of losing their home,&rdquo; Merkley said.<\/p><\/blockquote>","protected":false},"excerpt":{"rendered":"<p>Washington, D.C. &ndash; The U.S. Treasury Department announced Monday that Oregon will be eligible for $88 million to help families living in areas that have been hit hardest by the housing crisis to stay in their homes.&nbsp; The funding comes as part of an expansion of the Housing Finance Agency (HFA) Hardest Hit Fund. &ldquo;While [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[44],"class_list":["post-6811","post","type-post","status-publish","format-standard","hentry","category-press-releases","tag-jobs-and-the-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Merkley: Oregon to Receive $88 Million for Programs Tailored to Assist Families Facing Foreclosure - Merkley<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.merkley.senate.gov\/es\/merkley-oregon-to-receive-88-million-for-programs-tailored-to-assist-families-facing-foreclosure\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merkley: Oregon to Receive $88 Million for Programs Tailored to Assist Families Facing Foreclosure - Merkley\" \/>\n<meta property=\"og:description\" content=\"Washington, D.C. &ndash; 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