WOONSOCKET – State Reps. Robert D. Phillips (D-Dist. 51, Woonsocket), Lisa Baldelli-Hunt (D-Dist. 49, Woonsocket) and Jon D. Brien (D-Dist. 50, Woonsocket) have invited Rhode Island Housing to hold an informational meeting about the Hardest Hit Fund Rhode Island for at-risk homeowners.
The meeting will be held on Monday from 6-8 p.m. in Harris Hall, 169 Main St. and include a breakdown of changes to HHFRI that will make it easier for struggling homeowners to obtain assistance with mortgage payments.
HHFRI is a program supported by the U.S. Treasury to prevent avoidable foreclosures by helping homeowners who are unable to meet their mortgage obligations due to hardships such as job loss or underemployment. Rhode Island Housing has been designated by the treasury to oversee the assistance program.
According to RIH’s web site, funding for HHFRI has been available through the Housing Finance Agency Innovation Fund for the hardest-hit housing markets. The treasury chose Rhode Island to receive funding because of its high unemployment rate and the staggering impact of joblessness on residents.