HUD ANNOUNCES MORE THAN $10 MILLION IN COUNSELING GRANTS
TO HELP FAMILIES DEAL WITH MORTGAGE MODIFICATION AND MORTGAGE SCAMS

Posted on September 6, 2011 by Jim Suchey No Comments

In an effort to help families keep their homes and avoid mortgage scams, HUD today (09/02/11/) announced more than $10 million in housing counseling grants. This is unspent funding from the 2010 appropriation that was re-competed and awarded to HUD-approved counseling agencies.
“The funding announced today is specifically earmarked to provide counseling assistance relating to mortgage modification, avoiding potential mortgage scams, and assisting victims of scams,” said HUD Secretary Shaun Donovan. “It is crucial that we support these agencies in helping struggling families do whatever is possible to avoid foreclosure without being victimized by so called mortgage ‘rescue’ companies.”

HUD is awarding $3 million to 139 local housing counseling agencies nationwide, and more than $7 million to 23 housing counseling intermediary agencies. These funds are designed to serve residents in the nation’s top 100 metropolitan areas that are experiencing the worse foreclosure problems.

The funding is predominately for foreclosure prevention counseling, assistance with application to Federal and other mortgage modification and loss mitigation programs, and related outreach. It will also support outreach and counseling efforts designed to identify and assist victims of mortgage modification scams, and report those cases to the applicable authorities.

HUD awards grants under the housing counseling program through a competitive process. Organizations that apply for grants must be HUD-approved and are subject to performance reviews to maintain their HUD-approved status.
For a list of all grants, organized by state, visit HUD’s website at: http://portal.hud.gov/hudportal/documents/huddoc?id=CnslngGrantsState110829.xlsx

For summary of each grant, organized by state, visit HUD’s website at: http://portal.hud.gov/hudportal/documents/huddoc?id=CnslngGrantsSum110824.pdf

To find out more about HUD’s Housing Counseling Program, please visit: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hcc/hcc_home
For information on all of HUD’s Grant Opportunities please visit: http://portal.hud.gov/portal/page/portal/HUD/program_offices/administration/grants/fundsavail

Share

Post a Comment

Your email is never published or shared. Required fields are marked *