RI groups getting $215K for foreclosure prevention

Associated Press

PROVIDENCE, R.I. (AP) -- Two Rhode Island organizations are getting grants totaling $215,000 to help with foreclosure education and outreach.

The funding is part of the landmark National Mortgage Settlement reached last year. It was announced on Tuesday by Attorney General Peter Kilmartin.

Central Falls-based Progreso Latino is getting $155,000 to expand its Better Living Project. The initiative provides counseling for those facing foreclosure, housing workshops, computer literacy and adult education. It also includes a public awareness campaign targeting minority and immigrant homeowners.

HousingWorks RI of Providence is getting $60,000 to research and report on foreclosures and foreclosure prevention programs over the next three years.

Five major banks agreed to a $25 million settlement with the federal government and state attorney generals over flawed mortgage practices.