Principal Reduction and Lien Extinguishment (PR/LE) Program
Funding Amount
Up to $50,000
Deadline
Deadline not published
Grant Type
Foundation
Overview
Geographic Scope: Oregon statewide
Focus Areas: Mortgage foreclosure prevention
The Principal Reduction and Lien Extinguishment (PR/LE) program is designed for homeowners who are on a fixed income and struggling to make their mortgage payment. The program will pay up to $50,000 to reduce the unpaid principal balance of the mortgage so that the loan may be re-amortized resulting in a sustainable lower monthly payment.
Eligibility: Homeowners on fixed income struggling with mortgage payments
Loan Terms: No-interest, five-year forgivable loan for which a lien will be recorded against the property
Contact/Application: http://www.oregonhomeownerhelp.org
How to Apply
Application Process
Apply through the following portal: http://www.oregonhomeownerhelp.org
What Community in Action actually gave
Source: IRS Form 990, 2021 — the most recent filing with itemized grants
- Grants in 2021
- 3
- Total given
- $724K
- Median grant
- $92K
- Range
- $11K–$620K
- By dollars: Oregon 100%. Top recipient cities: Ontario, OR; Burns, OR.
Example grants
Harney County Senior Center · Burns, OR
Services to seniors
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Origins Faith Community · Ontario, OR
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$92K
Project Dove · Ontario, OR
Emergency shelter
$11K
Focus Areas & Funding Uses
Fields of Work
- Housing
- Hardship
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