Twin Cities Habitat for Humanity

Twin Cities Habitat for Humanity's Mortgage Foreclosure Prevention Program (MFPP) provides counseling, advocacy, referrals and occasional financial assistance to families who have fallen behind with their mortgage payments.

Studies conducted by The Wilder Research Center and Family Housing Fund have shown that preventing foreclosure is more cost effective than allowing a foreclosure. More than just beneficial to the family, the program has positive results for the community as well. Foreclosed homes, typically boarded up for months or even years, are a primary source of neighborhood instability in terms of depressed property value and increased crime. A house that remains occupied helps keep neighborhoods stable.

MFPP analyzes the homeowner's financial situation and develops an individualized plan for preventing the foreclosure of the property. MFPP also works with lenders to determine what options there may be to help the family stay in their home.

As a last resort, MFPP may provide a deferred 0% interest loan to a family to help them prevent the foreclosure. Loan payments are recycled back into the program, allowing MFPP to serve more families.

If you have questions or would like to apply, call 612-331-4090 to speak with an MFPP representative.