Anti-foreclosure efforts in Northwest Ohio recently received a boost when the Federal Home Loan Bank of Cincinnati awarded grants totaling $400,000 for mortgage counseling and foreclosure mitigation.
Nine local financial institutions and three community organizations will share the funds. They are GenoaBank, The Citizens Banking Company, The Croghan Colonial Bank, Clyde-Findlay Area Credit Union, Directions Credit Union, Fremont Federal Credit Union, The Marblehead Bank, National City Bank, The National Bank of Oak Harbor, WSOS of Fremont, Neighborhood Housing Services of Toledo and the Fair Housing Center
The grants were awarded through the Preserving The American Dream initiative.
David Hehman, president of Federal Home Loan Bank of Cincinnati, said, “Our members and housing partners told us of the difficulties they had coping with foreclosures in their communities. In many cases, the homeowners needed just a few thousand dollars to become current on their mortgages and stay in their homes. We created Preserving the American Dream as one thrust of a larger effort to deal with foreclosures in our district.”
Preserving the American Dream is a voluntary program created by the Board of Directors. Through it, up to $3,500 will be made available to help a homeowner receive foreclosure prevention counseling or benefit from other foreclosure mitigation steps.
FHLB is a regional wholesale bank providing financial services for residential housing and economic development to 728 member financial institutions located in Kentucky, Ohio and Tennessee. The Federal Home Loan Banking System was instituted by the U.S. Congress in 1932 to promote housing finance but is wholly owned by its member institution stockholders and does not use taxpayer dollars.
At the clubs
The East Toledo Club will tour the Willis B. Boyer lake freighter as part of its monthly luncheon event Thursday, September 18 at Noon. Call Andrea at 419-691-7651.
The Oregon Economic Development Foundation will meet Friday, September 19, 7:30 a.m. at Bay Park Community Hospital. Call 419-693-9999.
The Eastern Maumee Bay Chamber of Commerce will hold its annual steak roast Wednesday, September 17, 6:00 pm at Oak Shade Grove. Call 419-693-5580.
Schools & skills
Terri Kruse has earned her certification as an optician from the American Board of Opticianry. She has been employed for the past four years at the Woodville office of Dr. Dennis Laub. She provides services for both Dr. Laub and Dr. William Kegerize at their Genoa and Oak Harbor practices.
Joseph and Sharon Toth of Oregon joined Reliv International as the company celebrated its 20th anniversary at a conference held recently in St. Louis.
Reliv distributes nutritional products.