Community Home Solutions Receives Financial Capability Grant

Seabrook, NH – “Every phone call ended in tears and trust with the mortgage company was completely lost. Enter Community Home Solutions and I immediately felt relief I hadn’t felt in months.” Sharon’s heartfelt comment is just like those of over 1000 families CHS has helped with mortgage modifications, reverse mortgages, and financial education.

Project Reinvest is a new program which began in 2016, consisting of three components intended to maximize benefit for communities and individuals impacted by the foreclosure crisis. The Project Reinvest: Financial Capability component supports organizations that provide financial capability counseling and coaching services that will help individuals and families stabilize their finances, rebuild credit and establish savings. A total of $31.58 million was awarded to organizations nationwide and the program will run through November 2018. CHS received the grant from Neighborworks America through HomeFreeUSA.

Community Home Solutions has provided financial capability services since 2007 and has witnessed firsthand the need for these programs. While statistically, foreclosure and unemployment rates are down and the economy is improving, millions of Americans are still struggling, directly and indirectly, from the effects of the Great Recession. This Program will help not only those that have been unable to regain the losses they incurred over the past decade, but also those that have not been able to get ahead because of obstacles such as underemployment, default/foreclosure housing issues, credit and student loan debt, and poor credit.

Through this grant award, thousands of households across the county will receive financial counseling and coaching services from a qualified professional to help overcome hardships and achieve financial goals.