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City of Jackson to begin new program to prevent foreclosures

Courtesy business.jacksonchamber.org

The city of Jackson is putting an additional $120 thousand dollars into a program designed to prevent foreclosures.

Last May, the Jackson city council sent $80 thousand dollars from the Coronavirus Aid, Relief and Economic Security Act to the city’s Community Action Agency. The goal was to help people facing mortgage or tax foreclosure keep their homes.

This week, the city council voted unanimously to allocate more money to the program. $100-thousand dollars will assist eligible city residents, while another $20-thousand goes to the agency administering the program.

Those with low to moderate incomes must demonstrate that they’ve been financially impacted by the pandemic. Payments will go to the lender or the Jackson County treasurer directly.