No-Interest Loans For NYers in Mortgage Crisis

BROOKLYN (Hamodia Staff) -

There is a program in New York to help homeowners at risk of foreclosure with no-interest loans, and a lawmaker and Orthodox group are spreading the word about it.

Councilman David Greenfield, the Orthodox Jewish Political Club and Southern Brooklyn Housing said in a press release Tuesday that the Mortgage Assistance Program is available for those unable to get assistance from other programs.

The program, created and funded with money obtained by state Attorney General Eric Schneiderman from corporate fraud settlements, is open to state residents for a limited time. Applicants must agree to work with a foreclosure prevention professional.

Greenfield says his office will help people determine if they are eligible.