Industry News

HUD awards $41.7M for housing counseling

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The U.S. Department of Housing and Urban Development today announced nearly $42 million in housing counseling grants to help families find housing or keep the housing they have. These grants will assist families in becoming first-time homeowners or remain homeowners after their purchase, HUD said, and renters and homeless individuals and families will also benefit from the counseling offered by the grants. Grants were awarded to 18 national and regional organizations and approximately 362 state and local housing counseling agencies, according to HUD. "These organizations will provide counseling services that will help meet the President's goal of increasing minority home ownership by 5.5 million families by the end of the decade," said Housing and Urban Development Secretary Alphonso Jackson. The secretary said families are receiving counseling services than ever before and more families are purchasing and keeping their homes. The program also helps educate and protect them from ...