Home Ownership Resource Center in Lee County, FL
The Home Ownership Resource Center is in a new, high-profile location in Fort Myers as it braces for a major reworking of the programs designed to save people from foreclosure.
Formerly in four locations scattered around Lee County, the private, nonprofit agency moved two weeks ago into space it leases in the Fifth Third Bank building on Colonial Boulevard just west of Metro Parkway.
Executive director Eddie Felton said the consolidation will let him operate more efficiently as the state prepares to roll out revised federal programs that will let more people qualify for help with foreclosure issues.
Under the old setup, “My operations budget was killing me,” Felton said. “I feel really blessed” to have the new location.
If the U.S. Treasury Department approves the state’s proposed revisions for the federal programs administered by the state, the changes will go into effect mid-June, said Cecka Rose Green, communications director for Florida Housing.
Felton said the one he’s most looking forward to would remove the requirement in the Hardest Hit Fund Program that only people fewer than six months behind on a mortgage payment were eligible.
“Previously, if a person was six months behind or more there was nothing we could do,” he said. If the new rules go through, “We can help basically anybody.”
Green said that under the proposed changes, Hardest Hit also increases the amount of help people can get on their mortgage payments from $12,000 to $24,000 and also reinstates the delinquent loan up front.
The need for that help isn’t going away anytime soon.
READ MORE on this article from Dick Hogan, News-Press
Formerly in four locations scattered around Lee County, the private, nonprofit agency moved two weeks ago into space it leases in the Fifth Third Bank building on Colonial Boulevard just west of Metro Parkway.
Executive director Eddie Felton said the consolidation will let him operate more efficiently as the state prepares to roll out revised federal programs that will let more people qualify for help with foreclosure issues.
Under the old setup, “My operations budget was killing me,” Felton said. “I feel really blessed” to have the new location.
If the U.S. Treasury Department approves the state’s proposed revisions for the federal programs administered by the state, the changes will go into effect mid-June, said Cecka Rose Green, communications director for Florida Housing.
Felton said the one he’s most looking forward to would remove the requirement in the Hardest Hit Fund Program that only people fewer than six months behind on a mortgage payment were eligible.
“Previously, if a person was six months behind or more there was nothing we could do,” he said. If the new rules go through, “We can help basically anybody.”
Green said that under the proposed changes, Hardest Hit also increases the amount of help people can get on their mortgage payments from $12,000 to $24,000 and also reinstates the delinquent loan up front.
The need for that help isn’t going away anytime soon.
READ MORE on this article from Dick Hogan, News-Press
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