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.”