Gov. Robert Bentley and the Alabama Housing Finance Authority have developed a program designed to help unemployed homeowners prevent home foreclosures. The Governor announced the details of the program on February 2nd in Montgomery. The new program is possible because the Alabama Housing Finance Authority was allocated $162 million in federal funds to help unemployed or underemployed homeowners with temporary assistance to avoid foreclosure. Alabama’s portion is part of $2 billion in federal funding that is allocated for states with the highest unemployment rates. Hopefully, this program will help Alabama citizens who need help to keep their homes.
Source: Associated Press
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