This grant program supports comprehensive housing counseling services for various groups, including homebuyers, homeowners, low-to-moderate-income renters, and the homeless. Its core purpose is to enhance financial literacy, broaden homeownership access, improve affordable housing options, and safeguard existing homeownership. Counselors provide crucial guidance to help individuals and families navigate housing responsibilities, avoid predatory loan practices, and prevent mortgage delinquency or foreclosure. Services extend to assisting with loan modifications and refinancing to prevent loss of equity or increased debt. Additionally, the program supports reverse mortgage counseling for elderly homeowners seeking to convert home equity into income for living or medical expenses, ultimately promoting stable and sustainable housing outcomes.
Opportunity ID: 47979
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | FR-5300-N-02 |
| Funding Opportunity Title: | Housing Counseling Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Housing |
| Category Explanation: | – |
| Expected Number of Awards: | – |
| Assistance Listings: | 14.169 — Housing Counseling Assistance Program |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | Jun 16, 2009 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | Jul 17, 2009 |
| Current Closing Date for Applications: | Jul 17, 2009 |
| Archive Date: | Jul 18, 2009 |
| Estimated Total Program Funding: | $58,000,000 |
| Award Ceiling: | – |
| Award Floor: | – |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on 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). |
Additional Information
| Agency Name: | Department of Housing and Urban Development |
| Description: | This program supports the delivery of a wide variety of housing counseling services to homebuyers, homeowners, low- to moderate-income renters, and the homeless. 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. |
| Link to Additional Information: | HUD’s Funds Available web site |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
For program related information, LHCAs, MSOs and SHFAs should contact the HOC serving their area, as indicated below. Intermediaries should contact HUD Headquarters, Program Support Division at (202) 708-0317 (this is not a toll-free number). Hearing and speech challenged persons may access the telephone numbers listed below by calling the Federal Information Relay Service at 800-877-8339. Field Office contacts may be obtained in the NOFA.
Email:dorthera_yorkshire@hud.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
Related Documents
Folder 47979 Full Announcement-1 -> 02 hc nofa 6.16.2009.pdf
Packages
There are no packages on this grant.
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