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| Community Budget Issue Requests - Tracking Id #1988 |
| Central FL Foreclosure Prevention Project |
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| Requester: |
Stephanie Porta |
Organization: |
American Institute for Social Justice |
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| Project Title: |
Central FL Foreclosure Prevention Project |
Date Submitted |
1/4/2008 4:56:30 PM |
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| Sponsors: |
Siplin |
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| Statewide Interest: |
| Predatory lending and the fallout of the subprime loan market have led to a foreclosure crisis in the nation with thousands of homeowners losing their most valuable asset each month. Florida ranks 3rd in the nation in the number of foreclosures which are projected to increase as more loans adjust to higher rates and property values remain stagnant. The American Institue for Social Justice has been counseling homeowners about foreclosure prevention and saving homes through negotiations for the past decade. |
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| Recipient: |
American Institute for Social Justice |
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Contact: |
Stephanie Porta |
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120 E. Colonial Dr. |
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Contact Phone: |
(407) 423-9832 |
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Orlando 32801 |
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Contact email: |
flacornorro@acorn.org |
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| Counties: |
Orange, Osceola |
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| Gov't Entity: |
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Private Organization (Profit/Not for Profit): |
Yes |
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| Project Description: |
| Outreach, education and direct services to homeowners in danger of facing foreclosure in Orange and Osceola counties. Outreach will include door to door contacts in targeted neighborhoods with high foreclosure rates, bi-monthly workshops on predatory lending prevention and direct assistance including foreclosure negotiations with lenders. AISJ has relationships with leading lenders in the country. |
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| Is this a project related to a federal or state declared disaster? |
No |
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| Measurable Outcome Anticipated: |
| Decrease in the number of foreclosures in Central Florida |
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| Amount requested from the State for this project this year: |
$50,000 |
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| Total cost of the project: |
$75,000 |
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| Request has been made to fund: |
Operations |
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| What type of match exists for this project? |
Private |
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Cash Amount |
$15,000 |
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In-kind Amount |
$10,000 |
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| Was this project previously funded by the state? |
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No |
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| Is future-year funding likely to be requested? |
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No |
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| Was this project included in an Agency's Budget Request? |
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No |
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| Was this project included in the Governor's Recommended Budget? |
No |
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| Is there a documented need for this project? |
Yes |
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Documentation: |
�Foreclosure Exposure 2: The Cost to our Cities and Neighborhoods," Assoc. of Community Organization |
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| Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)? |
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No |
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| Is this a water project as described in Section 403.885, Laws of Florida? |
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No |
