Homeownership Group, USA Cares Join Forces

The Homeownership Preservation Foundation, Minneapolis, has announced a partnership with USA Cares under which HPF will contribute up to $800,000 over two years and USA Cares will offer emergency relief grants to help military personnel avoid foreclosures.USA Cares will provide grants of up to $7,500 to military families, based on need, to help them avoid home foreclosures due to financial problems arising from military service. "There are more than 140,000 [servicemembers] serving in Iraq and Afghanistan alone, as well as 40,000 soldiers mobilized to assist with hurricanes Katrina and Rita," said Roger Stradley, director of operations at USA Cares. "We can assist them in doing their jobs by reducing the financial stress that they and their families may be experiencing due to a loss of regular income." HPF, which has already contributed $400,000 to USA Cares, has dedicated $7 million over the next three years to provide free foreclosure prevention counseling. That counseling will be provided free to military families assisted by USA Cares in addition to any grants. The organizations can be found online at http://www.hpfonline.org and http://www.usacares.us.