Henderson, NV – August 11, 2010 – (RealEstateRama) — Congresswoman Dina Titus of Nevada’s Third District applauded the announcement today that Nevada will receive an additional $34 million through the Hardest Hit Fund to help address the foreclosure crisis in the state by assisting homeowners struggling to make their mortgage payments due to unemployment. Titus called on the Obama administration to do more to help homeowners at risk of foreclosure, leading to the announcement of the Hardest Hit fund during the President’s visit to Las Vegas in February.
“District Three has been ground zero for the housing crisis and families in Southern Nevada have been hit hardest,” Congresswoman Titus said. “This additional funding that is targeted at homeowners who have lost their job as a result of the deepest recession in a generation is much needed. I have impressed upon the Obama administration the importance of addressing this crisis and how critical this effort is to Nevada’s families and our larger effort to turn our economy around.”
The $34 million is in addition to $102.8 million that was previously announced for Nevada. These funds for 17 states with unemployment at or above the national average over the past 12 months will provide temporary assistance to eligible homeowners to help them pay their mortgage while they seek re-employment, additional employment, or undertake job training.
