City of Euclid Euclid Foreclosure Prevention Committee News

The Euclid Foreclosure Prevention Committee, developed by Councilman Greg Van Ho back in the summer of 2008, a citizens’ action committee dedicated to the prevention, education and assistance of those facing economic hardship and possible loss of their home through foreclosure. The mission of the committee is to develop strategies to inform, educate and assist residents in dealing with the challenges related to foreclosure, and explore approaches to reduce the number and impact of the foreclosed homes in Euclid.

What has the committee done to help with this problem? In March 2009, the Euclid City Council accepted the proposal to deem the month of  March Foreclosure Prevention Month. A series of free workshops were held for anyone facing economic hardship and who were unsure of where to turn for help. In keeping with the theme, city council deemed last March 2010 Foreclosure Prevention Month as well. Another workshop was held hosting guest speakers of banks, housing counselors and a financial planner to assist residents who may be facing hard times. Additionally, the committee worked with the city recreation department to sponsor the “Spring Fling” and showcase the best housing buys in Euclid, and all the new improvements happening in the city. In September, the committee hosted a free workshop on financial awareness, budgeting and credit.

The committee meets monthly to discuss trends, new programs and what help is currently available. Recently, the committee met with Mayor Bill Cervenik and Paul Bellamy, director of the Cuyahoga County Foreclosure Prevention Program, to discuss the funds available from the Hardest Hit Fund. The committee welcomes any residents interested in participating. For further information, contact Marty Castelletti at Euclid City Hall, (216) 289-8141.

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Volume 1, Issue 8, Posted 3:24 PM, 11.28.2010