PROVIDENCE, R.I. (Legal Newsline) -- Rhode Island Attorney General Peter Kilmartin announced Wednesday a $200,000 grant to Helping Hands Community Partners to match veterans and low-income families with sustainable housing options.
The grant, which was funded through the National Mortgage Settlement, will educate and train veterans and low-income families on the responsibilities and commitments related to home ownership, including how to evaluate loan products, how to find out how much they can borrow and to understand the mortgage process.
"Veterans put their lives in danger to protect their country and its citizens," Kilmartin said in a statement. "However, when they return home they are not always able to find housing and access to services in their communities.
"This grant will arm our veterans and their families with the knowledge and tools to help them realize their own American dream of home ownership."
Helping Hands Community Partners Inc. is a non-profit 501c(3) corporation that provides training in all areas of home acquisition and responsibilities of home ownership for low-income citizens and veterans.
Under the terms of the National Mortgage Settlement with the five largest mortgage service providers, Rhode Island received a direct $8.5 million payment to fund state foreclosure prevention services and consumer protection.
Thus far, Kilmartin's office has granted $4 million to seven non-profit community and housing agencies.