South Carolina struggles to give out funds to avoid foreclosures
While South Carolina's foreclosures are showing steady signs of improvement, the state is struggling to distribute the federal money it received three years ago to help people keep their homes, an article in Greenville Online said.
According to the article, of the $295 million received, less than 20% has been distributed.
In an effort to get the money out, officials of SC Help, a nonprofit established by the state housing Finance and Development Authority, redesigned its website and kicked off a statewide campaign, the article explains.
"Because this program may even help qualified homeowners who apply for assistance before they miss a mortgage payment, we’re pleased that SCHELP.gov has now been completely streamlined and designed with homeowners who are in a difficult situation in mind," said Matt Rivers, director of SC HELP.