Government Grant from Department of Housing and Urban Development
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Government Grant from Department of Housing and Urban Development | |
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Housing Counseling Program
The primary objectives of the program are to improve financial literacy, expand homeownership opportunities, improve access to affordable housing and preserve homeownership. Counselors provide guidance and advice to help families and individuals improve their housing conditions and meet the responsibilities of tenancy and homeownership. Counselors also help borrowers avoid inflated appraisals, unreasonably high interest rates, unaffordable repayment terms, and other conditions that can result in a loss of equity, increased debt, default, and eventually foreclosure. Additionally, counselors may provide counseling services to homeowners to prevent or resolve mortgage delinquency, default, and foreclosure, with the primary objective to preserve homeownership. Counselors provide guidance and advice to help families and individuals meet the responsibilities of homeownership and modify or refinance their loans to avoid unreasonably high interest rates, unaffordable repayment terms, and other conditions that can result in a loss of equity, increased debt, default, and eventually foreclosure. Applicants funded through this program may also provide Reverse Mortgage Counseling to elderly homeowners who seek to convert equity in their homes into income that can be used to pay for home improvements, medical costs, living expenses, or other expenses. Agency: Department of Housing and Urban Development Office: None Estimated Funding: $79,000,000 Obtain Full Opportunity Text: Grants.gov/APPLY Additional Information of Eligibility: Eligible applicants include: HUD-approved Local Housing Counseling Agencies (LHCAs); HUD-approved national and regional intermediaries (Intermediaries); State Housing Finance Agencies (SHFAs); and HUD-approved Multi-State Organizations (MSOs). Full Opportunity Web Address: https://apply07.grants.gov/apply/forms_apps_idx.html Contact: PHL HOC Brenda Bellisario 215.861.7268 ATL HOC Carolyn Hogans 678.732.2129 DEN HOC Vic Karels 303.675.1640 STA ANA HOC Rhonda Rivera 714.796.1200x3210 HHQ Intermediaries Terri Gilyard-Ames 202.402.3025 Agency Email Description: See NOFA Agency Email: see NOFA Date Posted: 2010-07-26 Application Due Date: 2010-08-27 Archive Date: 2010-08-28 |
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