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Financial hardships have exacerbated by the COVID-19 pandemic, pushing many families closer to the danger of losing their homes. However, the NAACP and Experian's Home Preservation Grant is providing mortgage relief up to $10,000 per recipient for 21 Atlanta-are families.
The Home Preservation Grant is a pilot program developed through Experian's partnership with the NAACP. Its purpose is to empower and protect vulnerable consumers to improve their financial health through education and action, according to a press release.
"Homeownership is one of the most important ways Black families achieve economic stability and wealth. This opportunity allowed us to help several families by providing some financial relief to those unable to maintain their monthly mortgage payments due to COVID-19. While we recognize the financial need is great for so many families struggling during this unprecedented pandemic, we are grateful to provide this assistance. The NAACP remains committed to lifting up those in need and building bridges to economic stability," said Dawn Chase, NAACP senior program manager of Inclusive Economy.
“Buying a home is one of life’s milestones. Knowing the pandemic has created so much instability in many different aspects of our lives, we are proud Experian can provide tools and resources through initiatives like the Home Preservation Grant to bring about peace of mind," said Experian North America CEO Craig Boundy.
Click here to learn more about the program.