Nevada’s “Hardest Hit” fund total increases to nearly $200 million

September 29, 2010

 Washington, D.C. – Nevada Senator Harry Reid announced today that Nevada will receive an additional $57 million from the U.S. Department of Treasury’s “Hardest Hit” fund to help homeowners who owe more than their homes are worth.  The latest round of “Hardest Hit” funding brings Nevada’s total to $194 million.  These resources will help stem foreclosures in Nevada by funding mortgage modification programs and providing assistance to reduce or eliminate second liens with earned forgiveness.  The “Hardest Hit” fund was announced in Las Vegas by President Obama in response to Reid’s calls for more to be done to help struggling homeowners in Nevada.
 
“This boost in funding is great news for Nevada homeowners who are still struggling to stay in their homes,” said Reid. “I am glad that President Obama continues to respond to the need for more help in Nevada.  I will continue working with the President and his administration to restore stability to the housing market and help more Nevada families keep their homes.”