State Sen. Bob Duff hailed the State Bond Commission s approval Friday of a $1.3 million grant for the state's Mortgage Crisis Job Training Program . Duff (D-Norwalk) is chair of the General Assembly's Banks Committee .
The program is free for Connecticut homeowners who are facing or are already in foreclosure. It offers customized employment services, job retraining, job placement assistance, financial literacy, credit counseling and referrals to other support services.
"This is welcome funding for a program that has demonstrated results for homeowners facing foreclosure in our state," Duff said in a release. "This program offers a hand up to people facing tough times and gets at the heart of a significant cause of home foreclosure: unemployment and underemployment. I want to thank Governor Rell for her cooperation and for seeing the value in this first-in-the nation program."
Duff was a key proponent for creation of the program in 2008.
"The Mortgage Crisis Job Training Program is the only program in the nation that invests in training people to help them stay in their homes," said Joe Carbone, president and CEO of The Workplace , Inc., which runs the Mortgage Crisis Job Training Program. "The release of the funds will help the program reach out to and service more people within the state, providing training scholarships for those facing foreclosure."
To be eligible for assistance, homeowners must:
? Be 60 days or more past due on their mortgage;
? Have their mortgage on their primary residence in Connecticut;
? Have a household income of less than $120,000;
? Be referred by the Connecticut Housing Finance Authority or demonstrate an imminent need for services.
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