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Local News - Local News - September 13, 2012
Community organization gets $3 million state grant
SNAP hopes to prevent about 500 foreclosures within next five years

By Jessica Valencia
Of the Journal of Business

Spokane Neighborhood Action Programs, or SNAP, has been awarded a $3 million grant by the state to go toward its foreclosure prevention program.

SNAP is one of 13 Washington nonprofits to get a portion of the $43.8 million the state received to fund home-foreclosure relief. The state funds are part of a national $25 billion settlement with the five largest mortgage providers in the United States.

SNAP says it plans to use the grant to prevent at least 500 foreclosures...


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