| Economic Stimulus and Recovery Information |
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| Economic Recovery the Oregon Way |
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The American Recovery and Reinvestment Act will provide $2.4 billion to Oregon over the next three years, in addition to making $37 billion available in competitive grants to all states. In addition, the state economic stimulus package provides $175 million to fund important maintenance and construction projects at public facilities throughout Oregon. Click here to read about how the state is leveraging these state and federal dollars and private investment to maximize efforts that deliver short-term stimulus and long-term economic prosperity.
http://recovery.oregon.gov/
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| Health Insurance Benefits for Unemployed Oregonians |
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The American Recovery and Reinvestment Act provides short-term help with health insurance costs for some workers who recently lost jobs or who will lose jobs in coming months. Click below for more information about this program.
http://insurance.oregon.gov/consumer/consumer-issues/federal-stimulus-info/federal-stimulus-info.html
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| Relief for Oregon Homeowners |
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The federal Making Home Affordable Program will help homeowners refinance or modify their mortgage loans to make them more affordable. For more information or to find out if you are eligible, go to: http://www.financialstability.gov/makinghomeaffordable/.
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| Beware of Loan Modification Offers |
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Homeowners should beware of companies that offer to modify their mortgage loan for a fee. As part of the Making Home Affordable Program, the federal government will provide incentives for lenders and loan servicers to work directly with borrowers. Nonprofit foreclosure counselors are also available to help borrowers navigate the new program at no cost. Homeowners do not need to pay anyone to help them refinance or modify their loans. For more information, click here: http://www.oregon.gov/DCBS/docs/news_releases/2009/nr_dfcs_3_04_09.pdf
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| Strengthening Financial Institutions |
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The U.S. Treasury’s Financial Stability Plan includes programs to infuse capital into financial institutions, to help strengthen the institutions and give them the ability to lend money to creditworthy borrowers. To learn more about the Capital Assistance Program and the Term Asset-Backed Securities Loan Facility program, click here: http://www.treas.gov/initiatives/eesa/.
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