Friday, October 17, 2008
Mayor Announces Anti-Foreclosure Grants
Channel 4 News NASHVILLE, Tenn. -- Friday morning, Nashville Mayor Karl Dean was on hand to help announce anti-foreclosure grants for the mid-state. With the grants, eligible households may get up to $2,500 to be used for counseling, "rescue" funds or money toward plans to reduce losses. Eligible families are those whose income does not exceed $49,000 and who are only two payments behind on their mortgage. The household must also be willing to accept free financial counseling to be eligible to apply for part of the grant. The $200,000 anti-foreclosure grant was given to Nashville Friday by the Woodbine Community Organization.