Nevadans have worked hard to weather the storm of our state’s housing crisis. It has been a long road, but we must continue our efforts to ensure that our housing market becomes strong again. Wall Street greed and recklessness created this calamity, and our state was unfortunately hit harder than others. Communities in Southern Nevada, like Boulder City, have felt the aftershocks and I have worked hard to help all Nevadans that have been affected by this crisis get back on their feet.
Thousands of homeowners have been able to take advantage of federal programs like HARP, the Hardest Hit Funds and the National Mortgage Settlement to stay in their homes. As more and more take advantage of these tools, Nevada communities will be slowly rebuilt. Making sure our housing market is strong and stable will be a gradual process, but I am confident that we are moving in the right direction. Though home values have begun to stabilize and even increase in some parts of Nevada, far too many Boulder City homeowners continue to struggle and I remain committed to making sure all Nevada homeowners who have been hit by the housing market downturn are given proper support.
Many Nevadans have shared their stories of hardship with me, and my office has made efforts to connect with these individuals and others directly. It is crucial that struggling homeowners are aware of all the resources available to them to avoid foreclosure and stabilize their lives. Over the last year, my office has held three mortgage assistance workshops in Southern Nevada and two in Northern Nevada alongside the United Stated Department on Housing and Urban Development and other groups, to discuss how best to navigate the foreclosure process. I will continue to hold these workshops and I encourage interested individuals to attend in the future. Contact my office if you ever need any assistance.
I have been fighting for economic policies that create jobs and strengthen our state’s middle class, and I will continue to do everything I can for Nevada’s homeowners.
Contact Harry Reid at http://reid.senate.gov/