Skip to main content

HUD Awards $50M in Housing Grants

Phil Hall
Jul 07, 2017
The U.S. Department of Housing & Urban Development (HUD) has allocated more than $50 million in housing counseling grants to national, regional and local organizations

The U.S. Department of Housing & Urban Development (HUD) has allocated more than $50 million in housing counseling grants to national, regional and local organizations that work to educate families and individuals on their housing needs while seeking to prevent future foreclosures.
 
According to HUD, more than $47 million of the grants announced today will directly support the housing counseling services provided by 31 national and regional organizations, six multi-state organizations, 19 state housing finance agencies and 199 local housing counseling agencies. HUD is also providing $3.5 million to four national organizations for the training of housing counselors.
 
“This is a smart investment in helping families find and keep their homes,” said HUD Secretary Dr. Ben Carson. “Quite simply, knowledge is power. We know that armed with the information they need, those who receive counseling services are far more successful in buying, renting or avoiding foreclosure.”

 
Published
Jul 07, 2017
Reports: Evergrande Group Makes $83.5M Interest Payment

Faltering Chinese development firm fends off default with payment to international bondholders.

Industry News
Oct 22, 2021
FAR Establishes Borrower Engagement Division

Finance of America Reverse LLC announced its formally established Borrower Engagement Division.

Industry News
Oct 22, 2021
Automating Appraisals No Panacea For Removing Bias

With racism 'grandfathered in' to housing prices in minority neighborhoods, a solution to 'unconscious bias' is difficult to find

Industry News
Oct 21, 2021
Reports: Evergrande Group Arranges Bond Extension

Reuters, REDD say company's billionaire chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Industry News
Oct 21, 2021
New American Funding Hires Regional Manager

Mark Tribuna will lead effort to expand company's partnership with affordable nonprofit builders in mid-Pacific region

Industry News
Oct 21, 2021
Rocket Pro Announces Initiatives To Boost Brokers

Company brings Rocket Tech, the Rocket Network and Rocket Marketing to mortgage brokers across the country

Industry News
Oct 19, 2021