The WorkPlace Inc. has been awarded a $500,000 state grant to expand its Mortgage Crisis Job Training Program, CEO Joseph Carbone announced Jan. 3.
The Mortgage Crisis Job Training Program is aimed at helping borrowers throughout the state to gain the job skills that they need to be able to boost their earnings and become financially stable. Through the program, the Bridgeport nonprofit and its clients work with credit counselors and other support agencies to improve the borrowers’ financial standing with lenders.
The program is run in collaboration with the Connecticut Housing Finance Authority and the Capital Workforce Partners, among others.
State funding has been made available to The WorkPlace through the billion-dollar, multi-state foreclosure settlement reached with the nation’s five largest mortgage originators, which provided more than $190 million to Connecticut homeowners and to state government.
The WorkPlace focuses on workforce development while acting as a resource to the unemployed and to businesses across the region, in addition to serving as the state Workforce Development Board for southwestern Connecticut.