Skip to main content

NeighborWorks America gets $4.8 million-plus in HUD support

Nov 12, 2009

NeighborWorks America has announced that it received $4,860,802 in funding from the U.S. Department of Housing & Urban Development (HUD), which will support training and certification opportunities for thousands of counselors from HUD-approved non-profit counseling agencies, as well as non-profit housing counseling at local NeighborWorks organizations. “The grants announced by Secretary Donovan provide tremendous support for the critical housing counseling and training activities being carried out by NeighborWorks America and our affiliated NeighborWorks organizations across the country,” said Jayna Bower, director of the NeighborWorks Center Homeownership Education and Counseling (NCHEC). “Homeownership education and counseling enables families to make sound financial decisions and achieve and sustain homeownership, which contributes to healthy, stable communities nationwide.” Training and certification Of the more than $4,860,802 awarded, $3,240,301 will enable NCHEC and the NeighborWorks Training Institute to provide nationally-recognized training and certification to thousands of counselors so they can effectively assist families with their housing needs. NeighborWorks plans to award over 1,300 training scholarships to counselors throughout the year. This grant also includes funding that supports NCHEC in continuing to provide HECM counseling administration services nationwide, including comprehensive training, HECM Certification Exam oversight, online courses and other Web resources. “We thank HUD and Secretary Donovan for this immense support,” said Bower. “Our ability to equip counselors around the country with the critical knowledge and skills they need to help more families understand the increasingly complicated sustainable homeownership process is greatly enhanced. ” Training opportunities like those supported by the HUD grant funding will take place in the D.C.-area Dec. 7-11, 2009 during the upcoming NeighborWorks Training Institute. Space is still available in several popular courses, including: ► HO103 Lending Basics for Homeownership Counselors; ► HO110 Introduction to Homeownership Counseling; ► HO111 Home Equity Conversion Mortgages (HECM); ► HO229 Homebuyer Education Methods: Train the Trainer; ► HO250 Homeownership Counseling Certification: Principles, Practices and Techniques Part I; ► HO321 Developing Effective Loss Mitigation Negotiation and Sales Skills; and ► HO260 Counseling Borrowers to Purchase Real Estate Owned (REO) Properties. Visit www.nw.org/training to register for these and other courses that may still have availability, or to find more information about NeighborWorks’ training and certification programs. Support for housing counseling in the network Also included in the $4.8 million in grant funding is $1,620,501, which will provide direct operational support to individual HUD-approved NeighborWorks organizations that provide nonprofit housing counseling in their communities. $500,000 will support HECM counseling; $1,120,501 will support comprehensive counseling. This funding will be administered to the local organizations through NeighborWorks America as a HUD Intermediary. For more information, visit www.nw.org.  
About the author
Published
Nov 12, 2009
Bank On Borrowers, Not Rate Predictions

Chasing rate forecasts wastes resources better spent on cold, hard business

Dec 10, 2024
Rocket Mortgage Sues HUD Over Regulatory, Enforcement Discrepancies

Rocket seeks dismissal of the DOJ's October lawsuit alleging the lender committed racial appraisal bias.

Dec 05, 2024
West Capital Lending Acquires Locally-Focused Brokerage, Red Tree Mortgage

The 2024 Broker Brawl reaffirmed West Capital's commitment as a relationship-focused lender

Dec 03, 2024
First FICO 10T-Backed MBS Issuance Achieved

Comprised of VA loans, the pool offers proof of concept for changes to be required by the FHFA by late 2025.

Dec 03, 2024
BAC Co-Founder Reveals Mega Brokers May Undergo CFPB Audits

Brendan McKay of BAC revealed the main takeaways in a LinkedIn post

Dec 02, 2024
AnnieMac Data Breach Impacts 171,000 Customers

Letters detailing the Aug. 23 breach were mailed to thousands of affected customers across multiple states last week.

Nov 18, 2024