The Herald Bulletin

Morning Update

Local Business

November 4, 2013

Fund helps Hoosiers hardest hit

When Phil Carrell lost his job, he was afraid he would lose his house as well. Without income during his job search, his mortgage payment became impossible to pay.

That’s when he turned to Indiana’s Hardest Hit Fund, administered through the United Way of Madison County.

When the housing bubble burst and the economy took a nosedive, many homeowners in Madison County struggled with mortgage payments. The number of foreclosures – not just locally, but across the country – was shocking and created even more problems.

Stepping in to alleviate some of the woe, the U.S. Department of the Treasury established the Housing Finance Agency Innovation Fund for the Hardest-Hit Markets (Hardest Hit Fund). With $221 million to provide assistance, Indiana targets low- to moderate-income homeowners within the state.

To receive assistance, residents must participate in approved training, education or volunteer work. The United Way matches those who choose volunteer work with agencies that need help.

“We interview and find what they are passionate about,” said Julie Barton, outreach coordinator.

“Some people love the elderly, others love dogs and others love children. We find them a place where they are happiest and most productive.”

Phil Carrell chose to log his 20 hours a month at the Senior Café, which is an outreach of LifeStream, at the Pendleton Public Library. Lunch and activities are provided to seniors. He found he liked the work so much that he logged more hours than necessary and continues to volunteer even though he has found employment.

“(Volunteering at the Senior Café is a) perfect fit for me and, over a short period of time, I have come to find out that working with this program has turned out to be a two-way street,” he said.

Indiana’s Hardest Hit Fund has been expanded to include hardships beyond unemployment, including underemployment, medical procedures, death of a household member and military service. Assistance in 2012 totaled $8.9 million dollars to 1069 homeowners while assistance in 2013 has totaled $23.9 million to 2258 homeowners thus far.

Text Only
Local Business
  • sheryl myers Daleville gets first look at reservoir project The Imagine Mounds Lake project made a stop in Daleville on Thursday as residents came out to ask questions and see how the proposed reservoir might affect their lives.

    August 20, 2014 2 Photos

  • NWS - HB0821 - Warner Bodies - JC 1 Elwood welcomes manufacturing company Warner Bodies

    The relocation of a manufacturing plant to Madison County brings both revitalization and new jobs to the area.

    August 20, 2014 3 Photos

  • Historic barn tour and workshop Sept. 19 Across Indiana, barns of all ages and types have been successfully rehabilitated for modern farming and other uses. On Sept. 19, Indiana Landmarks offers BARN AGAIN!, a workshop to help owners maximize use of vintage barns.

    August 20, 2014

  • NWS - HB0820 - Kennedy Google- JC 2 Google X captures heart, imagination of AU professor After spending the summer working at Google's secret research laboratory in Mountain View, California, Scott Kennedy has decided to stay.

    August 19, 2014 3 Photos

  • Residential electric rates increasing by 9 percent The electric rates for residential customers of Anderson Municipal Light & Power will increase by 8.96 percent for the final three months of the year.

    August 19, 2014

  • Indiana experiences growth in manufacturing sector Known for its strength in traditional and progressive manufacturing, Indiana gained more than 5,500 jobs in the manufacturing sector last month and has maintaining a 5.9 percent unemployment rate from June.

    August 19, 2014

  • NWS - HB0819 - Mounds Reservoir - JC 1 People get a view of proposed reservoir

    Local residents are being given the opportunity to discuss the benefits and challenges that face the development of the proposed Mounds Lake reservoir.

    August 19, 2014 3 Photos

  • FEA - HB0819 - Mommy Monday - JC 3 Mommy and me time

    Babette Bargo of Anderson said she brought her daughter to Community Hospital’s first Mommy Monday to meet other mothers and children after her sister-in-law told her about the event.

    August 18, 2014 2 Photos

  • Reservoir would reduce tax revenues If the proposed Mounds Lake reservoir becomes a reality by 2021, local taxing units could lose an estimated $1.9 million in revenues.

    August 18, 2014

  • Ambulance provider to leave communities

    Area hospitals say they are not sure what to make of Rural/Metro Corp.’s announcement to end ambulance services in some Indiana communities.

    August 18, 2014

Stocks
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide