HUD Allocates $47M in Housing Counseling Grants
October 12, 2018
The U.S. Department of Housing & Urban Development (HUD) has awarded $47 million in housing counseling grants that are designed to help potential homeowners find residential property and assist current homeowners to keep their residences.
The grants will be provided to housing counseling services operated by 31 national and regional organizations, six multistate organizations, 19 state housing finance agencies and 207 local housing counseling agencies. HUD is providing $3.5 million to four national organizations to train and certify additional housing counselors. HUD estimated that approximately 1 million households will benefit from this allocation.
“HUD-approved housing counselors are on the front lines, guiding people through their first home purchase and the ups and downs of homeownership,” said HUD Secretary Ben Carson. “Their efforts give families a real opportunity to realize their dream of owning a home is obtainable by offering advice on affordable rental housing, home financing, and tools to prevent foreclosure.”
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