Homeowner Stability Project
Homeowner Stability Project
To get help from the Homeowner Stability Project, call 212-382-6766 or email HSP@nycbar.org.
Overview
The City Bar Justice Center’s Homeowner Stability Project (HSP) provides legal assistance to New York City homeowners of low to moderate income threatened with the loss of their 1-4 family homes, coops and condos, including through mortgage foreclosure, payment arrears, transferring title when a family member passes, scams and other predatory practices. Our goal is to keep people in their homes whenever possible and assist in the transition to affordable housing when home retention is not the best or a viable option. We recruit and train volunteer lawyers to negotiate workout arrangements with lenders, attend settlement conferences, correct title and deed problems, and litigate when necessary.
The Homeowner Stability Project has trained over 500 volunteer attorneys since its inception and has assisted over 2,000 homeowners in various stages of foreclosure and other potential home loss. In helping to stabilize homeownership, HSP not only provides valuable services to individual homeowners but helps sustain some of New York City’s most storied neighborhoods from the economic fallout caused by foreclosure and gentrification.
Edward Mostoller directs the Homeowner Stability Project, Dylan Lee is the staff attorney and Natalie Rutherford is the project coordinator.
Background
When the foreclosure crisis hit NYC in 2008, the City Bar Justice Center, together with the Federal Reserve Bank of New York, rose to the challenge by forming the Lawyers’ Foreclosure Intervention Network (LFIN). With funding from IOLA, the New York State Attorney General and the Center for New York City Neighborhoods, LFIN expanded into the Homeowner Stability Project to not only address foreclosure but also other issues and trends as we encounter them. A significant new aspect of HSP is to untangle title and assist in the transfer of title following the death of a loved one to ensure a smooth transition and stable homeownership for the next generation.
Not sure if this is the right project? Contact our free Legal Hotline at 212-626-7383.
Resources
Listen to the Budgeting for NYC Homeowners Podcast
LGBT Senior Homeowners: What You Should Know About Reverse Mortgages
For additional information on free services to prevent foreclosure, call 311 and ask for the Center for New York City Neighborhoods, or visit http://www.cnycn.org.
Latest news
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February 6, 2024
Statement of City Bar Justice Center Executive Director Kurt M. Denk Opposing Governor’s Proposed “IOLA Sweep” in NYS Executive Budget That Would Put Civil Legal Aid Further at Risk
New York, February 6, 2024 – A recent proposal by New York Governor Kathy Hochul to divert $100 million in IOLA
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January 25, 2024
City Bar Justice Center to Honor Freshfields and UBS with 2024 City Bar Justice Awards for Pro Bono Service and Community Impact
New York, January 25, 2024 – The City Bar Justice Center’s 19th Annual Gala, Pro Bono for Our World, will ho
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November 13, 2023
The City Bar Justice Center Holds Its 8th Annual Veterans Day Breakfast and Ethics CLE
On November 10, 2023, the City Bar Justice Center hosted its 8th Annual Veterans Day Breakfast and Ethics CLE to su
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Upcoming events
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NELP Small Business Remote Legal Clinic
A small business virtual legal clinic will be held over Zoom for Financial Institution Pro Bono Day. Registration is required. Please click here if interested in participating.
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NELP Small Business Contracts Webinar
The Neighborhood Entrepreneur Law Project (NELP), in partnership with the Brooklyn Small Business Development Center and Brooklyn Public Library, is hosting a webinar on the basics of contracts for small business owners on Wednesday, April 17th, 2024 at 4:00pm.
To register for the event, click here.