SUBSTITUTE                                                                                                            ADOPTED - MAY 12, 2009

Agenda Item No. 9

 

Introduced by the County Services and Finance Committees of the:

 

INGHAM COUNTY BOARD OF COMMISSIONERS

 

RESOLUTION TO PROVIDE GREATER LANSING HOUSING COALITION (GLHC) WITH ADDITIONAL FUNDING FOR MORTGAGE FORECLOSURE PREVENTION

 

RESOLUTION #09-134

 

WHEREAS, the incidence of predatory, sub-prime and adjustable rate mortgage products is negatively impacting our County and the economic pressure caused by these mortgage products and related scams is expected to be severe throughout 2009 and beyond; and

 

WHEREAS, the volume of Sheriff’s Deed activity in 2008 was comparable to 2007, as a reflection of this continuing economic strain; and

 

WHEREAS, the County Treasurer has been working since late 2006 with the City of Lansing and the non-profit community to coordinate and increase the local counseling capacity for mortgage foreclosure prevention; and

 

WHEREAS, Eaton and Clinton Counties and the City of East Lansing have joined in funding this coordinated effort; and

 

WHEREAS, the need exists for additional counseling capacity and a communication and awareness campaign to inform the public of the services available by calling 211 or logging onto www.holdontoyourhome.org; and

 

WHEREAS, the Greater Lansing Housing Coalition (GLHC) serves as the administrative hub for increasing the communities capacity for mortgage foreclosure prevention; and

 

WHEREAS, in addition to funding for additional counseling capacity and public awareness of the services, a public service announcement (PSA) campaign for fraud avoidance is being designed.

 

THEREFORE BE IT RESOLVED, that the County Board of Commissioners authorizes funding of $40,000 to the Greater Lansing Housing Coalition for ongoing foreclosure prevention and fraud avoidance efforts from the Delinquent Tax Administration Fund (516-25601).

 

BE IT FURTHER RESOLVED, that the County Controller/Administrator is directed to make all necessary budget adjustments consistent with this resolution to strengthen the capacity within Ingham County for Mortgage Foreclosure Prevention efforts.

 

BE IT FURTHER RESOLVED, that the Ingham County Board of Commissioners authorizes the Board Chairperson and the County Clerk to sign any necessary contract documents that are consistent with this resolution and approved as to form by the County Attorney.

 

COUNTY SERVICES:  Yeas:  Celentino, Koenig, Holman, Copedge, Grebner, Vickers

    Nays:  None         Absent:  None        Approved  5/05/09

 

FINANCE:  Yeas:  Grebner, Nolan, Bahar-Cook, Tennis, Davis, Dougan

    Nays:  None         Absent:  None        Approved  5/06/09