Many homeowners in Fontana are helped by Keep Your Home California program - Fontana Herald News: Business

Many homeowners in Fontana are helped by Keep Your Home California program

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Posted: Wednesday, October 11, 2017 6:49 pm

Many homeowners in Fontana were hit hard because of the housing market slide from 2007 to 2009. But many were also helped by Keep Your Home California.

In fact, Fontana was No. 11 among cities in California helped by the free mortgage-assistant program, according to a new report.

Keep Your Home California created an economic impact of $37.3 million in Fontana -- more than any other city in San Bernardino County, the report said.

Los Angeles experienced the top economic impact in the state with $180 million, followed by San Diego, Sacramento, San Jose, Fresno, Bakersfield, Oakland, Riverside, Stockton, and Long Beach.

Overall, Keep Your Home California has helped more than 76,250 homeowners during the first six years of the program, the report said.

In reality, though, many other California residents have benefited from the program, which has preserved $3 billion in economic activity statewide. For every dollar the federally funded program has generated, another $2 of economic activity has been preserved, from property values and tax revenue to jobs.

Keep Your Home California has five programs, with as much as $100,000 available per homeowner.

Keep Your Home California is now entering the final stretch, and coordinators of the program are encouraging homeowners who need assistance to apply as soon as possible by calling (888) 954-5337 or visiting www.KeepYourHomeCalifornia.org.

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