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Prosperity Fund (NPF) and the remaining $500,000 will be used for the Community Asset Preservation Corporation (CAPC) for property acquisition. "These strategies will also serve as important models of effective tools for the revitalization of underserved communities suffering from abandoned and vacant properties," NJCC stated in a release. In mid-November 2012, NJCC also announced it became a member of the Housing Partnership Network, a peer network of accomplished affordable housing nonprofits. HUD Helps Sandy Survivors Find Alternative Housing As of last month, families still reeling in the wake of Hurricane Sandy are finding increased assistance from the U.S. Department of Housing and Urban Development. The agency is giving public housing agencies more flexibility in calculating rent payments in FEMA-declared disaster areas. This is big news for low-income families having a hard time finding alternative housing in the aftermath of the storm. HUD is giving the OK for local housing agencies to increase a payment standard up to 120 percent of the published "fair market," which will give low-income families more options in this tight rental market. "We understand that in the wake of a disaster like Sandy, available rental housing becomes increasingly difficult to find, especially for lower-income families," said HUD Secretary Shaun Donovan, who President Obama recently appointed to oversee longterm disaster redevelopment in the disaster region in a statement. "Simply by giving local housing authorities greater flexibility in calculating rental assistance to these families can make all the difference in finding a suitable home or not. This is just one more example of how the Obama Administration is cutting red tape to make our programs work better following a disaster." Families would continue to pay their required portion of the rent, typically 30 percent of adjusted monthly income, but because of the increase in the maximum subsidy available, the measure would allow displaced families to afford housing they would not normally be able to under the regular payment standard, thereby increasing the available supply of housing that these families could afford, according to the statement. 146 New Mexico rank: 15 90+ Day Delinquency Rate Foreclosure Rate october 2012 2.11% Unemployment Rate 3.66% 6.3% year ago 1.84% 3.94% 7.2% percent point change 14.8% -7.2% -12.5% Top County TorraNCe CouNTy 90+ Day Delinquency Rate Foreclosure Rate october 2012 2.81% 7.18% year ago 2.80% 5.73% percent point change 0.4% 25.3% Top Core-Based Statistical area "Our members are on board with our decision and excited to begin using LPS' Paragon MLS system," said SFAR CEO Paco Arguello. "The mission of the Santa Fe Association of Reltors is to enhance members' ability to conduct their individual business successfully and with professional competency. I feel that Paragon and LPS will assist our association in adhering to this mission." Paragon MLS serves more than 165,000 real estate professionals. The platform helps agents manage their businesses and collaborate with clients. "We welcome our new friends in Santa Fe to the growing number of MLS organizations that use Paragon MLS for a stronger competitive edge," said LPS MLS solutions managing director Rich Lull. GraNTS, NM 90+ Day Delinquency Rate Foreclosure Rate STAT INSIGHT october 2012 2.55% 5.33% year ago 1.72% 5.18% percent point change 48.0% 3.0% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Households that reached out for HAMP assistance in New Mexico through October 2012 Source: U.S. Treasury IN THE NEWS Santa Fe Realtors Select LPS' Paragon as New MLS System In November 2012, the Santa Fe Association of Realtors (SFAR) paired up with Lender Processing Services, Inc. (LPS) for the company's Paragon MLS system. Paragon MLS will be used to serve more than 900 SFAR and member affiliates in the Sante Fe, Los Alamos, and Rio Arriba counties in New Mexico. SFAR representatives decided to use Paragon MLS due to the innovate features that allow members to be more efficient and competitive. Paragon MLS allows agents to multitask as they conduct property searchers, create a comparative market analysis, and update listing information. All of the tasks can be conducted through a single view on a computer. Paragon MLS is also compatible with any browser or mobile device, allowing easy access when on the field. New York rank: 3 90+ Day Delinquency Rate Foreclosure Rate october 2012 3.11% Unemployment Rate 6.09% 8.7% year ago 3.17% 5.60% 8.2% percent point change -1.7% 8.8% 6.1% Top County SullivaN CouNTY 90+ Day Delinquency Rate october 2012 3.08% Foreclosure Rate 3.44% year ago 3.23% 3.54% percent point change -4.6% -2.9% Top Core-Based Statistical area KiNgSToN, NY 90+ Day Delinquency Rate Foreclosure Rate october 2012 4.42% 8.73% year ago 4.64% 7.35% percent point change -4.7% note: 18.9% The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services.