“We applaud Attorney General Schneiderman for listening to advocates and homeowners, and for standing up for New Yorkers by ensuring there will be significant money available to help working families stay in their homes.
In the past week, thousands of homeowners across the state stood up and demanded that JP Morgan settlement money be used as it was intended: to help them modify their mortgages. We are glad the state has listened to us and that much of the money will be appropriated to the people who need it the most.
On Martin Luther King Jr. Day, it is important to note that the foreclosure crisis disproportionately affects families and communities of color in New York. With millions coming from the attorney general, this is a crucial opportunity to stabilize our communities.”