For Immediate Release
November 17, 2011
Contact: Libby Lane, 850-222-6609, extension 104, firstname.lastname@example.org
Tallahassee Lenders’ Consortium (TLC) Announces $300,000 in Expansion Grant from NeighborWorks America
Grant will enable organization to expand its services and reach
Tallahassee, Florida – Today TLC announced $300,000 in grant funding over the next three years that will enable TLC to expand its service area into Wakulla, Gadsden, Jefferson and Madison Counties. The grant will be used to establish satellite offices in each of these four counties and to provide free housing services to low-income families, including pre-purchase counseling, credit counseling, budgeting, homebuyer education and delinquency counseling. The grant is part of $3.65 million in expansion grant funding awarded to TLC and other local members of the NeighborWorks network by NeighborWorks America.
“We are excited to be able to expand our service area and help more low income families realize their dreams of homeownership,” said Libby Lane, TLC’s Executive Director. “TLC equips families to make proactive decisions on such issues like priority spending that reduces the possibility of future mortgage delinquency and default. We are so proud to be part of the process of building stronger communities, one family at a time.” TLC’s low foreclosure rate of 1.56% for clients who have received both counseling and down payment assistance through the program TLC administers for the City of Tallahassee is well below Florida’s average of 14%. TLC also provides delinquency counseling for families facing foreclosure. More Expansion Press Release 11-17-11