Printer Friendly

Homeownership Preservation Foundation Names Hernandez as President and Executive Director; Affordable Housing Advocate Colleen Hernandez to Lead Nonprofit Dedicated to Preventing Foreclosures with National 888-995-HOPE Hotline.

MINNEAPOLIS -- The Homeownership Preservation Foundation has named affordable housing advocate Colleen Hernandez as its new President and Executive Director, effective July 5, 2006.

Hernandez comes to the Foundation with wide-ranging experience in affordable housing, community development and grass roots community organizing. For 18 years, she served as Executive Director of the Kansas City Neighborhood Alliance (KCNA). Under her leadership, KCNA trained 15,000 families in homeownership skills, led development efforts in troubled neighborhoods, increased homeownership, developed affordable housing, and trained volunteers to be effective problem solvers.

"Colleen's impressive background--as a tireless promoter of homeownership and an award-winning community leader--will put her in a unique position to further the mission of the Homeownership Preservation Foundation," said Michael Seats, Chairman of the Homeownership Preservation Foundation's Board of Directors and Executive Vice President, Residential Capital Corporation. "She's seen first-hand how keeping families in their homes can strengthen a community, and we are pleased that she'll be bringing her experience and passion to the Foundation."

"I am excited to join the Homeownership Preservation Foundation," adds Hernandez. "The Foundation has played a pivotal role in drawing attention to homeownership issues through its national public service campaign, and in providing a real solution by offering counseling and advice to thousands of homeowners through its 888-995-HOPE hotline."

Prior to joining the Foundation, Hernandez was the principal of Hernandez Consulting LLC, a firm specializing in affordable housing and community development. She served six years on the board of directors of the Federal Reserve Bank of Kansas City, chairing its Audit Committee for two years. Hernandez served on the Consumer Advisory Council to the Federal Reserve Board of Governors, as well as on the board of the National Equity Fund. She currently serves on the Board of Directors of the Fannie Mae Foundation and on the Board of Directors for Kansas City-based Douglass National Bank, a certified Community Development Financial Institution. She is the 1995 recipient of the Charles Kimball Award from the Greater Kansas City Community Foundation.

Hernandez succeeds Walt Fricke, who has resigned as President of the Foundation to start a new nonprofit, the Veterans Airlift Command, dedicated to providing air transportation to wounded servicemen and women, as well as their families through a national network of volunteer pilots and aircraft. Fricke will continue to provide guidance to the Foundation by serving as a member of the Homeownership Preservation Foundation's Board of Directors.

"Walt has been instrumental in launching the Foundation and establishing it as a leading, national voice addressing the issues surrounding homeownership," said Seats. "We thank him for his service in helping us fulfill the mission of the Foundation."

About the Homeownership Preservation Foundation

The Homeownership Preservation Foundation (HPF) is a Minneapolis-based 501(c)(3) nonprofit dedicated to reducing foreclosures and preserving homeownership for American homeowners. The Foundation was formed in September 2004 with a $20 million seed contribution from Residential Capital Corporation, one of the nation's largest real estate finance companies. The Foundation partners with city, county and state governments; federal government agencies; community-based non-profit organizations; and mortgage companies to offer creative solutions to preserve homeownership. For more information about the Homeownership Preservation Foundation, please visit
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 7, 2006
Previous Article:Goldman Sachs Global Healthcare Conference to Webcast Alkermes' Corporate Presentation.
Next Article:Navistar, UAW Reach Tentative Agreement.

Related Articles
First two buildings rehabbed in CityHome Program.
September is Homeowner Month.
Agencies announce $100m housing tax credit.
Advocate's skills translate into help for Hispanics.
Housing partners honored.
Celebrating victories: the NAA/NMHC joint legislative program reports on its major legislative and regulatory accomplishments from 2005.
Helpful homeownership strategy.
Get your first home--and keep it.
City's new Acquisition Loan Fund officially open for business.
City issues RFP for new affordable homes developments.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters