Senator Charles E. Schumer

FOR IMMEDIATE RELEASE: March 18, 2010

SCHUMER ANNOUNCES OVER $100,000 AWARDED TO THE CHAUTAUQUA HOME REHABILITATION AND IMPROVEMENT CORPORATION TO SUPPORT COMMUNITY REVITALIZATION EFFORTS

Grant Comes From NeighborWorks America, a Non-Profit Housing and Community Development Organization

Funding Will Support Foreclosure Counseling, Homebuyer Education Programs, and Home Improvement Loans, Among Other Services

Schumer: This Grant Will Help Struggling Families Stay in Their Homes

U.S. Senator Charles E. Schumer today announced that the Chautauqua Home Rehabilitation and Improvement Corporation, a nonprofit organization serving Chautauqua County, has been awarded $103,700 to fund its community revitalization and homeowner support efforts. The grant comes from the Congressionally-chartered NeighborWorks America, which seeks to prevent foreclosures and preserve affordability in housing markets nationwide.

“Chautauqua County is a wonderful place for people to live and raise a family,” said Schumer. “With this grant, more families will be able to find homes they can afford, and families who are struggling to keep their heads above water in this tough economy will be able to stay in their homes. Every dollar of investment is good for Western New York. I will fight to keep them coming.”

NeighborWorks America was created by Congress in 1978 and funds rehabilitation and revitalization projects that trigger long term private investment through its extensive network of community organizations. One estimate forecasts that each dollar of federal grants results in private investments totaling $35 dollars going to distressed communities. During FY 2010, NeighborWorks will allot more than $119 million to over 235 such organizations to help reduce the threat of foreclosure and to create affordable homeownership and rental opportunities.

The Chautauqua Home Rehabilitation and Improvement Corporation provides a variety of services to local homeowners, landlords, and prospective homeowners and renters as a part of NeighborWorks America’s organizational network. It offers home repair grants, funding for adaptations for the elderly and disabled, foreclosure counseling, first time home buyer education, and transportation assistance.

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