Jeremiah’s Soft 2nd Mortgages to Help 1,000 New Homeowners

Four years ago, the Jeremiah Group created, fought for, and won approval for a proposal to set aside $75 million for home ownership in Louisiana (with $52 Million for New Orleans).

The Times Picayune reports that "the $52.3 million 'soft-second mortgage' program has endured many starts and stops over the years. The program was approved nearly four years ago by the state and former Mayor Ray Nagin, but it never got off the ground.

The faith-based Jeremiah Group, however, continued to fight City Hall for the money until it finally became a reality."

[Map Credit: Times-Picayune]

Mayor Mitch Landrieu Says Soft-Second Program Will Support Up To 1,000 New Homeowners, The Times Picayune

Mayoral Press Conference, New Orleans Mayor