HUD Offers $42 Million In Housing Counseling Grants

Posted by Orb Staff on March 19, 2012 No Comments
Categories : Residential Mortgage

11130_hud HUD Offers $42 Million In Housing Counseling Grants The U.S. Department of Housing and Urban Development (HUD) has released more than $42 million in housing counseling grants to 468 national, regional and local organizations.

More than $36 million in grant funds will directly support the housing counseling services provided by 27 national and regional organizations, six multi-state organizations, 16 state housing finance agencies and 419 local housing counseling agencies. In addition, HUD is awarding $2 million to three national organizations to train counselors to receive proper certification to assist families with their housing needs. Counseling agencies will also receive $4 million to help assist senior citizens seeking reverse mortgages.

‘The HUD-approved counseling agencies this funding supports are crucial in helping struggling families on a one-to-one basis to manage their money, navigate the home-buying process, and secure their financial futures,’ says HUD Secretary Shaun Donovan. ‘We fought hard to persuade Congress to restore funding for housing counseling in HUD's budget and now we're working to make these important resources available as quickly as possible.’

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