The U.S. Department of Housing & Urban Development (HUD) is kicking off June’s National Homeownership Month by allocating $43 million in grants to support hundreds of housing counseling organizations around the nation.
According to HUD, the grant funds will be used to finance counseling services for first-time homebuyers, households trying to avoid foreclosure or eviction, and individuals and families searching for affordable rental housing. HUD estimated that every federal dollar invested in housing counseling stimulates six dollars from other state and local sources.
“HUD-approved housing counselors can make all the difference in helping families find and keep stable housing,” said HUD Secretary Ben Carson. “Research demonstrates that housing counseling helps people make informed housing choices and can be the best preventative medicine to avoid housing problems down the road.”