Newark/Essex Consortium

Strategic Collaboration
In November of 2007, HANDS joined with the City of Newark and the County of Essex as part of a unique regional public-private collaborative to address the escalating challenges associated with the dramatic increase in home foreclosures. The Newark/Essex Foreclosure Task Force was established to work on the full spectrum of foreclosure issues. The Task Force has included ongoing participation from the City of Newark, NeighborWorks® America, the U.S. Department of Housing and Urban Development, the New Jersey Housing Mortgage Finance Agency and Department of Banking and Insurance.

The Task Force has convened hundreds of volunteers to canvas low income neighborhoods with outreach and referral material, convened “Work Out” Fairs serving over 1,000 homeowners, including two events sponsored by the national Hope Now Alliance, and increased access to trained foreclosure counselors for hundreds of our residents. In January 2010, the Newark/Essex Consortium was awarded $20,759,155 in NSP 2 funds to acquire, rehabilitate or redevelop foreclosed, abandoned or vacant homes. The NSP2 activities are complemented by green job employment training, construction skills training, and financial literacy and credit repair to ensure that the rehabilitation and redevelopment of properties will have a lasting impact on the quality of life of the targeted neighborhoods.