Bush Administration Announces $50 Million In Housing Counseling Grants To Nearly 400 National, State And Local Agencies
- HUD funding critical to foreclosure prevention
WASHINGTON - Hundreds of thousands of American families will have a greater opportunity to find housing or keep the homes they have because of $50 million in housing counseling and counseling training grants announced today by U.S. Housing and Urban Development Secretary Steve Preston.
Housing counseling grants will assist families in becoming first-time homeowners and remaining homeowners after their purchase. HUD-approved counseling agencies not only provide homeownership counseling, but also offer financial literacy training to renters and homeless individuals and families.
"These critical counseling grants not only help to put people into homes, but they help to keep them there as well," said Preston. "Housing counseling organizations will continue to help families make more informed choices before they purchase a home and counsel families facing foreclosure. Now, more than ever, it is critical that Americans better understand how to manage their money, navigate the homebuying process, and securing their financial future."
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