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Programs to Contain California Bank Foreclosed Houses

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By : John Cutts    99 or more times read
As the unemployment rate continue to rise across California, some nonprofit agencies bonded together to try to provide relief to troubled residents.

One of these nonprofit agencies is the American Canyon Family Resource Center. Officials at the center said that it partnered with other agencies in an effort to provide relief to unemployed residents.

The American Canyon Family Resource Center launched two programs designed to help residents deal with unemployment and to overcome its effects. Sherry Tennyson, executive director at the center, explained that one program is designed to provide help to women in starting their own businesses. The other program aims to help struggling residents achieve financial stability.

In June, the unemployment rate in American Canyon increased by 14.3 percent from May's 13.6 percent. Unemployment rate in Napa County reached 8.8, with the highest rate of 14.7 percent posted in March.

Tennyson said that the figures showed that 800 people are unemployed in the American Canyon, about 20 percent of the total population. She pointed out that majority of jobless people in the city were those who used to hold entry-level positions that provided low pays.

According to industry experts, entry-level jobs are starting to dry up with the shut downs of many local retail centers in the area, including Linens N' Things and Mervyns. They pointed out that the increasing unemployment is the major factor driving up the number of bank foreclosed houses.

Meanwhile, being one of the city's main nonprofit organizations, the Family Resource Center deals with a growing number of clients who came in looking for assistance, from utility bill payments to food. Tennyson noted that people who are in need of help keep coming in despite the dwindling funds received by the organization.

The Family Research Center has partnered with several organizations for job-related workshops. Tennyson explained that Family Research Center and United Way created a project that provides workshops, placement, job development and resume writing.

Additionally, the center also set up the Women's Initiative for Self Employment which offers workshop to help women start their own businesses.

Under the SparkPoint program of the United Way, the Family Resource Center offers free services such as credit repair, foreclosure assistance, job placement and financial coaching.

Industry experts predicted that unemployment will be the major factor that will fuel the second wave of foreclosures not just in California but in the entire country.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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