5. HRSR 08-05-2013 - Laserfiche WebLink

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Foreclosure Prevention Open House & Workshop: April 1, 2008 Brooklyn Park will host a Foreclosure Prevention Open House&Workshop on Tuesday, April 1,2008 from 4:30-8:30 p.m.in partnership with the Home Ownership Center. The open house will be held at Brooklyn Junior High School, 7377 Noble Avenue N. The event is focused on consumers'rights in the lending and home ownership process. There will be lenders, financial counselors, and other professionals available on site to meet individually with residents.As part of the workshop outreach and publicity,an oversize postcard from the Brooklyn Park mayor and the HOC executive director will be mailed to all city households. Part of the postcard text will be in Spanish and in Hmong. Door-to-door Outreach In partnership with the Home Ownership Center,ACORN Housing is conducting a door- to-door literature and door knocking campaign to reach home owners in Brooklyn Park who may be facing foreclosure. The goal is to connect with home owners as early as possible to prevent them from falling into foreclosure. Home owners will have the opportunity to speak with an ACORN staff member and will be given an informational brochure on the resources available to them, and the April 1st Foreclosure Prevention Open House& Workshop. Targeted Mailings The EDA, in partnership with the Home Ownership Center, will mail a postcard to households on foreclosure prevention resources.The mailing will be sent to targeted zip code areas that have had a high number of subprime loans. The address data will come from the Federal Reserve Bank analysis that is currently underway. Employer "Lunch & Learn" The Home Ownership Center will work with Brooklyn Park employers to host"Lunch& Learn"sessions about foreclosure prevention at individual workplaces.The intention is to use this as another strategy to reach even more residents and home owners who may be at risk of foreclosure.These sessions will be held on site at Brooklyn Park businesses that have the greatest number of employees. Sessions are held at the business during the lunch hour or at a time convenient for employees. Data Collection The Federal Reserve Bank(FRB) is currently collecting and analyzing data as part of a comprehensive foreclosure mappin pro'ect.This work will assist the FRB to identify areas with a concentration of home owners who have received subprim .moans.This data will assist Brooklyn Park and the Home Ownership Center in targeted mailings. " 11, Managing Foreclosed & Vacant Properties When foreclosure cannot be prevented,the City works to ensure that foreclosed or otherwise vacant properties are properly secured. This strategy avoids properties from becoming blighted,hazardous or targets for crime. In addition,staff are working across departments from a centralized system and using a common communication stream in order to avoid duplication of inspections on these properties. 4 February 2008