LEXINGTON, Ky. — Community Ventures has been awarded $400,420 in federal funding by NeighborWorks America via the American Rescue Plan Act of 2021, a bill that provides additional relief to address the continued fallout from the COVID-19 pandemic.
The monies will support Community Venture’s efforts to deliver housing counseling services to households facing instability—such as loss of income—that could lead to mortgage default, foreclosure, eviction and homelessness.
“This funding helps us provide counseling services to homeowners and renters who may be experiencing financial difficulties due to pandemic-related job loss or other Covid-related issues,” explained Brenda Weaver, President of Housing and Lending for Community Ventures. “We are working to get the word out that this counseling is available and that it comes free of charge to anyone in need.”
During these no-cost counseling sessions, the counselors will review clients’ budgets and talk to them about where and how to begin making changes. Counselors will discuss loss mitigation options and how to be proactive when reaching out to loan servicers or landlords. Additionally, conversations will be had about the implications of foreclosure and the effects it would have on future attempts at home purchasing.
“We are grateful to NeighborWorks for this award,” continued Weaver. “Funding such as this enhances our ability to help those most in need as they recover financially from this pandemic.”
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