The latest in housing and community development from NeighborWorks America
Monday, August 10, 2009
Neighbors Helping Neighbors: A Grassroots Group Seeks Small Gifts to End Local Foreclosures
A grassroots organization in Rock County, Wisconsin, has come up with a novel way to fight foreclosures in the area. The organization, called the John Doe Movement, is asking every Rock County homeowner to donate $10 a month to help tackle skyrocketing foreclosure rates and stabilize home values. The “Rescue America Project,” recently featured in the Janesville Gazette, aims to generate $10 million by the end of 2010. The money would be collected by the Beloit-based Stateline Community Foundation and directed to Neighborhood Housing Services in Beloit, Inc., a NeighborWorks America member organization, to help homeowners facing foreclosure modify the terms of their mortgage.
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2 comments:
Awesome grass roots strategy! Its seems that it could be easily duplicated in other places.
Simple, unique idea of neighbors helping neighbors! During tough times like these we should all join together to weather the storm. Kudos to John Doe!
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