Grant provides counseling to South Dakota homeowners in danger of foreclosure

Pierre, SD – SDHDA was awarded $52,979 to support free foreclosure prevention counseling efforts in South Dakota. This will enable SDHDA sub-grantees: Consumer Credit Counseling Services of the Black Hills (CCCS-BH), Neighborhood Housing Services of the Black Hills, Inc. (NHS) and Northeast South Dakota Community Action Program (NESDCAP) to provide more foreclosure counseling than ever before to area homeowners in danger of foreclosure.

“The goal of this funding is to reduce the default and foreclosure of mortgages on owner-occupied single-family homes,” said Executive Director Mark Lauseng. “Other states in the nation have seen dramatic increases in foreclosures. Although South Dakota’s foreclosure numbers are significantly less than those, we are taking a proactive approach to prevent foreclosures through the administration of this counseling program.”

These sub-grantees estimate that over 300 clients will receive free foreclosure counseling through this funding – and many more will be helped by the training of foreclosure counselors, provided through the National Foreclosure Mitigation Counseling program.

For more information about free default and foreclosure counseling, please contact: CCCS-BH in Rapid City, 348-4550, www.cccsoftheblackhills.com; NHS in Deadwood, 578-1401, www.nhsblackhills.org or NESDCAP in Sisseton, 698-7654, www.nesdcap-nesdec.org.

The grant to support SDHDA’s foreclosure counseling intervention efforts was provided by funds from the National Foreclosure Mitigation Counseling Program. Approved by Congress in the FY ’08 Consolidated Appropriations Bill, the National Foreclosure Mitigation Counseling Program is administered through a competitive application process by NeighborWorks® America, within guidelines defined by Congressional legislation. NeighborWorks® America is an independent, Congressionally-chartered non-profit organization based in Washington, D.C., with a mission to provide access to sustainable homeownership and safe, affordable rental housing.

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The South Dakota Housing Development Authority (SDHDA) is an independent, quasi-public agency that finances and develops affordable housing opportunities for low and moderate-income residents throughout South Dakota. SDHDA is totally self-supporting and receives no tax money, appropriations or other funding from the State.

SDHDA does not discriminate against any person because of race, color, creed, religion, sex, disability, familial status or national origin. SDHDA is a proud partner of the State’s 2010 Initiative to “Brand and Develop South Dakota’s Quality of Life as the Best in America.”

Contact:

South Dakota Housing Development Authority
PO Box 1237
221 S. Central Ave.
Pierre, SD 57501

Toll Free: 800-540-4241
Local: 605-773-3181
Fax: 605-773-5154

Mark Lauseng
Executive Director
Phone: 605-773-3181

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