On the Home Front: A Year in Your Community
Freddie Mac's core business is all about supporting homeownership and rental housing through financing. But we also have a significant housing and community outreach program that complements these goals and strengthens our mission.
In the aftermath of Hurricane Sandy, Freddie Mac is working together with community organizations to ease the burden for families hit hard by the disaster. Our $1 million donation to the American Red Cross and local New York and New Jersey non-profits is helping families rebuild their lives. The funds helped residents find temporary housing; set up a New Jersey meal facility; and provided generators, cleaning kits and hot water heater repair for low-income families.
Freddie Mac also provides a variety of mortgage-relief options for eligible borrowers impacted by Sandy. We encourage homeowners to review our Hurricane Sandy Relief web page for information and resources.
Helping Families Nationwide with Housing
Throughout 2012, Freddie Mac employees were on the ground teaming up with the U.S. Department of the Treasury, lenders, and non-profits to help struggling borrowers avoid foreclosure and to support housing opportunities.
- Our eight Borrower Help Centers and national Borrower Help Network hotline provided assistance to struggling homeowners. Next year, we'll add three more Borrower Help
Centers – in Atlanta, Las Vegas and Los Angeles.
- We developed 135 community initiatives and trained more than 12,000 housing
professionals – to help keep people in their homes and avoid mortgage scams.
- We supported foreclosure prevention workshops in all 50 states and the District of Columbia.
- Our award-winning financial literacy program, CreditSmart, is available in five languages. The English-language version will soon be online to help even more consumers become successful homeowners.
- We strengthened our relationships to provide assistance to service members who face unique challenges in today's uncertain housing market. Throughout the year, we took part in workshops at military bases to help educate and counsel military personnel on buying and keeping a home.
- We also continued to work with employers and local organizations to provide financial assistance and education that helps employees become successful homeowners in communities where they work. Today, for example, we are collaborating with D.C.'s Gallaudet University, a premier university for the deaf, and the Greater Washington Urban League to make buying a home more affordable for Gallaudet employees.
Freddie Mac's employee volunteers continue to support our community efforts. After Hurricane Sandy, they pitched in with a drive for blankets and non-perishable food delivered to the disaster region. Leading up to Veteran's Day, employees took part in an Armed Services Appreciation project: 100 employees prepared more than 2,500 care packages for service members overseas and their families at home. They also wrote more than 1,000 "Notes to Our Troops".
As the year ends and we focus on home and family for the holidays, we're particularly grateful for the work of our trusted collaborators to support our housing mission. We are privileged to join them and look forward to helping your community in some meaningful way in 2013. Happy holidays!
Neighbors Helping Neighbors After Hurricane Sandy
Volunteers help assemble free cleaning kits for Brooklyn, NY, residents whose homes were flooded after Sandy, as part of a Clean-Up Day project led by Neighborhood Housing Services of East Flatbush, a Freddie Mac partner.
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