News Release

July 22, 2011

Homeowners:
For more information about EHLP, please contact the EHLP Hotline at 855-FIND-EHLP (346-3345) or visit www.FindEHLP.org

Media Contact:
NeighborWorks Media Relations, mediarelations@nw.org
HUD Public Affairs, 202-708-0980

HUD and NeighborWorks America Announce Deadline Extension
for Emergency Homeowners’ Loan Program

Washington, D.C. –Today the U.S. Department of Housing and Urban Development and NeighborWorks America announced that the deadline for the Emergency Homeowners’ Loan Program has been extended to Wednesday, July 27, 2011, in order to give homeowners at risk of foreclosure in the participating 27 states and Puerto Rico more time to apply for the program.

The Emergency Homeowners’ Loan Program (EHLP) will assist homeowners who have experienced a reduction in income and are at risk of foreclosure due to involuntary unemployment or underemployment, due to economic conditions or a medical condition.

Eligible homeowners can qualify for an interest free loan, which pays a portion of their monthly mortgage for up to two years, or up to $50,000, whichever comes first.

Homeowners are encouraged to visit www.FindEHLP.org to find contact information for participating agencies, the Pre-Applicant Screening Worksheet and more information on the EHLP assistance and its eligibility requirements.  Homeowners may also call the toll free hotline -- 855-FIND-EHLP (346-3345) – for this information as well.

About the U.S. Department of Housing and Urban Development (HUD)

HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov.

About NeighborWorks America
NeighborWorks America creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. In the last five years, NeighborWorks organizations have generated $20 billion in reinvestment in these communities. NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.

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