DELAWARE - The Delaware State Housing Authority, in partnership with $tand By Me, announced a new state program designed to help families and individuals still feeling the effects of the housing crisis that began in 2008.
The program is named Fresh Start, and it offers free financial coaching to help Delawareans get past their setbacks and move toward homeownership again.
Fresh Start is state-wide and funded by bank settlements, and developed to help those who lost their homes due to foreclosure, short sale, or deed in lieu arrangements.
It can also help with improving credit, increasing savings, or decreasing debt to put citizens in a better position to buy a home or rent.
$tand By Me works with nonprofits to offer personal financial coaching, with four coaches statewide devoted to helping Fresh Start clients.
Mary Dupont, Director of financial empowerment with $tand By Me. says Delaware's foreclosure rate is near the tops in the nation, and this program will help with those struggling.
"It's nowhere near where it was eight years ago, but nonetheless, its still going on and people are still struggling to hold on to their homes, and to sustain their financial well being in a way that they can live with financial peace of mind. Without worrying about paying bills, or being late on payments, and being able to hang on to a quality of life that they are aspiring to."
Governor Carney and other leaders spoke at an event Tuesday formally kicking the program off at the Goodwill store at Lea Blvd in Wilmington.
"Home ownership is a fundamental element of our economy and important to ensuring our neighborhoods thrive," said Governor Carney. "We have to make sure that all Delawareans have an opportunity to succeed, achieve financial stability and strengthen their communities. Through Fresh Start, we are giving people the tools they need to help them work through economic challenges."
Information on Fresh Start can be found at standbymede.org/fresh, or a coach can be reached by calling:
New Castle County: 302-504-3549 or 302-652-3991, ext. 106
Kent County: 302-678-9400
Sussex County: 302-855-1370
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