New Bedford Receives “HomeCorps” Grant

More than $19 million in grants have been awarded to cities, towns and organizations across Massachusetts to assist communities and homeowners alleviate the impacts of the foreclosure crisis.

State Attorney General Martha Coakley (above) on Monday announced the awarding of ``HomeCorps'' program grants.  Two of the program's grants will help fund statewide initiatives that provide direct assistance to borrowers. Eighteen recipients, including the city of New Bedford, will receive grants through the program's community revitalization effort.

The HomeCorps program aims to ensure that all Massachusetts borrowers facing foreclosure receive an evaluation and assistance from a loan modification specialist. It's funded by the state's share of a nationwide settlement involving the five largest mortgage servicers and their connection with unlawful foreclosures and loan servicing.

[Via AP]