Get the latest news and trends on Long Island companies and the people behind them.
LI housing-help groups get $3.1M in grants
Groups that help Long Island homeowners in distress are set to receive more than $3.1 million in grants, the state’s top law enforcement official said Monday.
The funds will be provided under the $25 billion settlement reached this year by the nation’s five largest mortgage servicers with state and federal officials, according to New York Attorney General Eric Schneiderman. The accord settled allegations of improper foreclosures.
“The rise in foreclosures on Long Island and across the state is troubling, but this isn’t just a matter of numbers: each foreclosure represents a devastating loss for a family and a community,” Schneiderman said in a statement. “This program puts homeowners first, and these organizations will help get our neighborhoods back on track.”
The New York Federal Reserve has estimated that more than 33,000 homes on Long Island -- or more than one in every 10 single-family homes -- have mortgages that are 90 or more days delinquent, or have already begun the foreclosure process, according to the attorney general.
Every region in the state will get funding for homeowner assistance programs, from $343,000 for the Albany region to $6.9 million for New York City, according to Schneiderman.
In June, Schneiderman announced he would use $60 million from the foreclosure settlement to fund housing counseling and legal services throughout the state for three years.
The legal services recipients are:
-- Nassau/Suffolk Law Services Committee in Islandia
-- Nassau County Bar Association in Mineola
-- New York Legal Assistance Group in Manhattan, which provides services to Long Islanders in its 41-foot van and in the offices of local community groups
-- Touro College Jacob D. Fuchsberg Law Center in Central Islip
The housing counseling recipients are:
-- Long Island Housing Partnership in Hauppauge
-- Family Service League, with centers in Huntington, Huntington Station, Riverhead, Bay Shore and East Yaphank
-- Community Development Corp. of Long Island in Centereach
-- Long Island Housing Services, Inc. in Bohemia
-- La Fuerza Unida, Inc. in Glen Cove
-- Hispanic Brotherhood of Rockville Centre, Inc.
-- Economic Opportunity Council of Suffolk, Inc. in Central Islip
-- American Debt Resources, Inc. in East Northport
-- GreenPath Debt Solutions, a national group with locations in Hauppauge and Jericho
Also, Labor & Industry For Education, Inc. in Cedarhurst will receive funding for both housing and legal services.
Photo: New York Attorney General Eric Schneiderman.