Bridgeport mayor announces plan to end housing crisis

In an effort to help residents cope with the current housing crisis, Bridgeport Mayor Bill Finch announced the creation of a new program Monday that

BRIDGEPORT - In an effort to help residents cope with the current housing crisis, Bridgeport Mayor Bill Finch announced the creation of a new program Monday that is designed to keep people in their houses.

The Home Opportunity Preservation Effort, or HOPE, was announced at City Hall. Mayor Finch says HOPE is a three-part program that will address issues of mortgage foreclosures brought on by the subprime mortgage crisis. It?s modeled after a plan created by the mayor of Boston.

?I think Congress has been asleep these last seven or eight years,? Finch says. ?They've allowed a lot of these problems to go unchecked.?

Each component of HOPE has a task leader. The first part, ?Prevention,? will offer pre-purchase counseling. It is headed by GenWorth Financial?s Lori Jones. The second part, ?Intervention,? is meant to untangle the web some people are led into. It will be headed by Acorn?s Doris Latorre. Part three is ?Reclamation,? which is designed to keep homes occupied or bring new families in. Anne Robinson of Community Capitol Fund will head this part.

This year, it is predicted that 13,018 homes in Fairfield County will be foreclosed.

Anyone dealing with a subprime issue or looking to buy a home can attend an upcoming forum on Oct. 1 at Bridgeport City Hall Annex from 9 a.m. to 1 p.m.

advertisement | advertise on News 12

Trending Video

1 Connecticut Sportscast, Jan. 17
Lawrence Dilione and James Rackover are facing multiple 2 Suspects in Stamford man's murder waive court appearances
This comes after tensions between communities and police 3 Norwalk police to host traffic stop program for students
4 Scholar Athlete: Gino Esposito
Documents filed in the Manhattan Supreme Court Tuesday 5 Documents: Stamford man killed in NYC in argument over cigarettes

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE