(An excerpt from www.KeepYourHomeCalifornia.com)
The Local Innovation Fund Program was designed to allow local governments, nonprofits and other entities across California the opportunity to tailor foreclosure prevention solutions to address their particular needs and geographic areas. Through a competitive process, CalHFA MAC selected and will fund several innovative local programs meeting the compliance requirements set forth under Emergency Economic Stabilization Act of 2008 (EESA). Program design, eligibility and benefit assistance vary with each local program.
Read more details here: http://www.keepyourhomecalifornia.org/lifp.htm