Communities First Response to the New York Comptroller's Foreclosure Report

“Comptroller DiNapoli’s report shines a light on the great need for foreclosure prevention services state-wide. Thanks to our nonprofit network of housing and legal services, there has been an almost 50% drop in foreclosure filings over the last five years. But with funding running out for the program this month, 89 nonprofits across the state will be forced to shut down the free services that have been helping New York families for more than a decade. Without the continuation of funding in the State budget, New York is in danger of one again seeing a spike of foreclosures, causing immense damage to our neighborhoods. If $20 million is not allocated to ongoing foreclosure prevention services in the State budget by the end of this month, New Yorkers will be in danger of losing their homes – and the more than 25,000 families currently facing foreclosure will have to navigate that complicated and stressful process alone,” — Jacob Inwald, Legal Services NYC; Kirsten Keefe, Empire Justice Center; Christie Peale, Center for New York City Neighborhoods