WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced on Tuesday it is making $51 million in grants available through a Notice of Funding Opportunity to support HUD-approved housing counseling agencies and intermediary organizations across the country.
These comprehensive housing counseling grants will help hundreds of housing counseling agencies maintain and expand their services. The funding will also assist those homeowners and renters who continue to struggle financially as a result of the COVID-19 pandemic, particularly individuals and families of color who have been disproportionately affected by the pandemic.
“HUD is proud to make this funding available to housing counseling agencies across the nation,” said HUD Deputy Secretary Adrianne Todman. “As our country continues to address the economic and public health impacts of COVID-19, the funding HUD is making available today is critical to ensuring resources and HUD-certified housing counseling professionals are available to support renters and homeowners so they can remain in their homes.”
The grant funding opportunity includes components that will allow housing counseling agencies to play a strong role in advancing racial equity in homeownership, supporting disaster relief and recovery counseling, and helping seniors to age in place by:
- Allocating new funding for Historically Black Colleges and Universities and other Minority Serving Institutions or agencies partnering with them: HUD has allocated $3 million specifically for HUD-approved housing counseling agencies that can demonstrate their status as a Historically Black College or University, Tribal College or University, or other Minority Serving Institution, or for housing counseling agencies that will partner with such organizations.
- Prioritizing emergency preparedness and disaster recovery counseling: Emergency preparedness and disaster recovery counseling is now part of the standard grant application so that agencies providing these services may potentially receive greater funding.
- Including incentives for Home Equity Conversion Mortgage foreclosure prevention counseling: Agencies that commit to providing foreclosure prevention counseling to seniors with Home Equity Conversion Mortgages will receive additional incentives as part of the funding process.
HUD stated it is encouraging all eligible housing counseling agencies to review the Notice of Funding Opportunity and submit applications before the October 14, 2021, application deadline.
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