Indiana is one of 18 states to get a boost from the federal Hardest Hit Fund. The state’s program is administered by the Indiana Housing and Community Development Authority.
Indiana will receive an additional $28.5 million for its program.
Lieutenant Governor Sue Ellspermann oversees the agency and says "with the HHF program, the Indiana Housing and Community Development Authority through the Indiana Foreclosure Prevention Network has provided more than $94 million in assistance to nearly 7,000 Hoosier homeowners. We have also seen a steady decline in the foreclosure rate in Indiana since the program began in 2010. According to the Mortgage Bankers Association, Indiana has its lowest foreclosure rate since the first quarter of 2007. With the additional HHF funding we will be able to help more Hoosier families remain in their homes and continue reducing the foreclosure rate."
Ellspermann’s office says the recent round of funding will support foreclosure prevention and neighborhood stabilization programs.