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“Home Saver”: In Tough Times, The Housing Finance Agency Makes Living Near Your Work Tenable | Home & Garden

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“Home Saver”: In Tough Times, The Housing Finance Agency Makes Living Near Your Work Tenable
“Home Saver”: In Tough Times, The Housing Finance Agency Makes Living Near Your Work Tenable

No sooner had the effects of our New Year’s Eve activities worn off when economists pounced to deliver the dreary news about what we can expect for our economy in 2011. Foreclosures are going to peak in 2011? Awesome. Thanks.

The District is not immune to this trend, which will mean hundreds of DC residents who are forced to move from their homes, probably settling in less expensive suburbs. This is exactly the kind of scenario we want to avoid in terms of the effect it has on transportation and commuting in our region. As people flock to the suburbs, from DC or elsewhere, they increase both traffic congestion and the need for additional transportation infrastructure and maintenance. goDCgo strongly encourages a “live near your work” strategy to reduce ill effects on an already-stressed transportation system and to improve the quality of life of those who work in DC—by remaining in DC.

We’re thrilled to be able to share some good news for District residents! The Housing Finance Agency recently announced the “Home Saver” program which will enable homeowners who have fallen behind in mortgage payments to keep their homes and remain living close to their places of work. “Home Saver” launches in Wards 5, 7 and 8 on January 18, 2011, and citywide on April 12, 2011.

Click here to learn more about what the program offers and how you may qualify.

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