by Alex Morales

Published: May 13, 2010

On Saturday May  8^th, The Resurrection Project  hosted a Home Rescue Fair in partnership with the Alliance for Stabilizing Our Communities  and with support from Bank of America . The event took place at Benito Juarez High School  in Pilsen and received the attention of local press, TV and radio.  The Chicago Home Rescue fair served 274 families by providing H.U.D. certified financial counseling, free legal advice, and loan modifications for those whose lenders were in attendance.  Lenders such as Bank of America, Wells Fargo, Charter One, Indy Mac,  and Chase, among others, were  present to consult  with clients.

“I am now prepared to take a good decision when financing my home,” commented Mrs. Dolores A. Garcia , as she finished her counseling session with TRP’s financial counselor Guillermina Leon. “Understanding financial products like mortgages can be tricky,  but luckily we have dedicated organizations like TRP educating consumers to make the right choices.”

The Alliance  for Stabilizing Our Communities  was created by the National Council of La Raza (NCLR), National Urban League (NUL) and the National Coalition for Asian Pacific American Community Development (National CAPACD) with the support of Bank of America, to assist multicultural homeowners facing foreclosure identify and procure the best housing solutions possible.  Locally, The Resurrection Project, Latino Policy Forum, and Chicago Urban League conduct the Chicago Fair, which was one of 17 fairs the Alliance will host in 11 different communities nationwide, expecting to serve more than 11,000 households.