Helping Our Heroes - MORe
The REALTOR® Association of NorthWest Chicagoland
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About the Foundation & how we distribute the money
The Mainstreet Organization of REALTORS® Charitable Foundation is 501C3 designated. ALL net proceeds from the Helping Our Heroes™ Program, sponsored by this Foundation, will be distributed to qualifying active duty Illinois Military Personnel, Veterans, Fire Fighters, Police Officers, and Veterans that are in financial distress regarding paying their mortgage and necessary home repairs.
Who we have helped
Helping Our Heroes™ has helped 36 families that were close to foreclosure and eviction.
Foreclosure Prevention Act of 2008
Preserving the American Dream for Our Nation’s Veterans. To assist returning soldiers avoid foreclosure, this bill lengthens the time a lender must wait before starting foreclosure from three months to nine months after a soldier returns from service and also provides returning soldiers with one year relief from increases in mortgage interest rates. In addition, the Deparent of Defense is required to establish a counseling program to ensure veterans and active service members can access assistance if facing financial difficulties. Also included is a provision that increases the VA loan guarantee amount, so that veterans have additional homeownership opportunities. The bill contains provisions to do the following: increase benefits paid to veterans with disabilities such as blindness for the purpose of adapting their housing; provide a moving benefit to servicemen and woman who are forced to move out of rental housing because the owner of the housing was foreclosed on; provide that veterans benefits received in a lump sum are treated the same for the purposes of eligibility for housing assistance as monthly benefits; and to allow the Veterans Administration to provide for improvements and structural alterations to homes of veterans with service-connected disabilities."
Who is the Mainstreet Organization of REALTORS® Affiliate Committee
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Why are we doing this
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