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HUD awards Fla. $822K in housing counseling grants

 

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) awarded more than $50 million in housing counseling grants to hundreds of national, regional and local organizations to helpwith housing needs and prevent future foreclosures.

Of that money $822,814 is going to 24 Florida-based home counseling organizations. Additional money should come to Florida by way of grants to nationally based counseling organizations headquartered in other states.

"This is a smart investment in helping families find and keep their homes," said HUD Secretary 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."

More than $47 million of the grants will directly support counseling services provided by 31 national and regional organizations, six multi-state organizations, 19 State Housing Finance Agencies (SHFAs) and 199 local housing counseling agencies. In addition, HUD awarded $3.5 million to four national organizations to train housing counselors.

Grant recipients address multiple housing counseling needs, including helping homebuyers evaluate their readiness for a purchase. It helps them understand financing and downpayment options, and navigate what can be a confusing and difficult process. The organizations also help households find affordable rental housing and offer financial literacy training for those struggling to repair credit problems.

In addition, many of the organizations assist homeless persons in finding the transitional housing they need to move toward a permanent place to live. Many also assist senior citizens seeking reverse mortgages.

Florida groups receiving HUD counseling funds

© 2017 Florida Realtors  

Related Topics: Workforce housing