GREENSBORO, NC – October 14, 2009 – (RealEstateRama) — North Carolina families facing foreclosure, seeking affordable rental housing, or hoping to buy their first home will have a greater opportunity to find housing, or keep the homes they have, because of $1,781,863 million in housing counseling grants announced today by the U.S. Department of Housing and Urban Development (see attached list).
“Now, more than ever, it is crucial that Americans understand how to manage their money, navigate the homebuying process,and secure their financial future.” said Donovan. “This critical funding will help counseling organizations continue to assist families in making more informed choices before they buy a home and counsel families facing foreclosure.”
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.
The funding announced today is part of $60 million in housing counseling grants awarded nationwide. These grants will support the direct provision of housing counseling services by 24 national and regional organizations, 5 multi-state organizations, and 463 state and local housing counseling agencies. In addition, HUD is awarding $5 million to three national organizations to train approximately 4,400 counselors who will receive the instruction and certification necessary to effectively assist families with their housing needs.
National and regional agencies distribute much of HUD’s housing counseling grant funding to community-based grassroots organizations that provide advice and guidance to low- and moderate-income families seeking to improve their housing conditions. In addition, these larger organizations help improve the quality of housing counseling services and enhance coordination among other counseling providers.
Counseling agencies will use $8 million to help assist senior citizens seeking reverse mortgages or Home Equity Conversion Mortgages (HECM). These agencies will provide counseling for the rapidly growing number of elderly homeowners who seek to convert equity in their homes into income that can be used to pay for home improvements, medical costs, and other living expenses.
The organizations that provide housing counseling services help people become or remain homeowners or find rental housing, and assist homeless persons in finding the transitional housing they need to move toward a permanent place to live. Grant recipients also help homebuyers and homeowners realistically evaluate their readiness for a home purchase, understand their financing and downpayment options, and navigate what can be an extremely confusing and difficult process.
In addition, grantees help combat predatory lending by helping unwary borrowers review their loan documentation, and avoid unreasonably high interest rates, inflated appraisals, unaffordable repayment terms, and other conditions that can result in a loss of equity, increased debt, default, and even foreclosure. Likewise, foreclosure prevention counseling helps homeowners facing delinquency or default employ strategies, including expense reduction, negotiation with lenders and loan servicers, and loss mitigation, to avoid foreclosure. With foreclosures at critical levels nationwide, these services are more important than ever.
HUD awards annual grants under the housing counseling program through a competitive process. Organizations that apply for grants must be HUD-approved and are subject to biennial performance reviews to maintain their HUD-approved status.
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HUD is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development and enforces the nation’s fair housing laws. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov.
| Community |
Housing Counseling Organization* |
Grant Amount |
| Asheville | CONSUMER CREDIT COUNSELING SERVICE OF WNC, INC. – DBA – ONTRACK FINANCIAL EDUCATION & COUNSELING |
$44,472.00 |
| Boone | NORTHWESTERN REGIONAL HOUSING AUTHORITY |
$58,456.00 |
| Camden | NORTHEASTERN COMMUNITY DEVELOPMENT CORPORATION |
$40,976.00 |
| Camden | NORTHEASTERN COMMUNITY DEVELOPMENT CORPORATION |
$5,000.00 |
| Carthage | SANDHILLS COMMUNITY ACTION PROGRAM, INC. |
$21,748.00 |
| Chapel Hill | THE WOMEN’S CENTER |
$23,850.00 |
| Durham | DURHAM REGIONAL FINANCIAL CENTER DBA DURHAM REGIONAL COMMUNITY DEVELOPMENT GROUP |
$47,968.00 |
| Durham | DURHAM REGIONAL FINANCIAL CENTER DBA DURHAM REGIONAL COMMUNITY DEVELOPMENT GROUP |
$11,275.00 |
| Elizabeth City | ELIZABETH CITY STATE UNIVERSITY |
$51,464.00 |
| Elizabeth City | ELIZABETH CITY STATE UNIVERSITY |
$10,000.00 |
| Elizabeth City | RIVER CITY COMMUNITY DEVELOPMENT CORPORATION |
$47,968.00 |
| Elizabeth City | RIVER CITY COMMUNITY DEVELOPMENT CORPORATION |
$10,000.00 |
| Fayetteville | CUMBERLAND COMMUNITY ACTION PROGRAM, INC |
$47,968.00 |
| Fayetteville | CUMBERLAND COMMUNITY ACTION PROGRAM, INC |
$11,275.00 |
| Fayetteville | KINGDOM COMMUNITY DEVELOPMENT CORPORATION |
$54,960.00 |
| Gastonia | HIGHLAND FAMILY RESOURCE CENTER, INC |
$53,212.00 |
| Greensboro | GREENSBORO HOUSING COALITION |
$54,960.00 |
| Greensboro | GUILFORD COUNTY HOMEOWNERSHIP CENTER |
$20,000.00 |
| Greensboro | HOMEKEEPING MORTGAGE DEFAULT COUNSELING, INC |
$40,976.00 |
| Greensboro | HOMEKEEPING MORTGAGE DEFAULT COUNSELING, INC |
$7,353.00 |
| Greenville | GREENVILLE HOUSING DEVELOPMENT CORPORATION |
$54,960.00 |
| Hickory | WESTERN PIEDMONT COUNCIL OF GOVERNMENTS |
$54,960.00 |
| High Point | HOUSING AUTHORITY OF THE CITY OF HIGH POINT |
$40,976.00 |
| High Point | HOUSING AUTHORITY OF THE CITY OF HIGH POINT |
$9,706.00 |
| Kannapolis | PROSPERITY UNLIMITED, INC |
$61,952.00 |
| Kill Devil Hills | OUTER BANKS COMMUNITY DEVELOPMENT CORPORATION |
$49,716.00 |
| Kill Devil Hills | OUTER BANKS COMMUNITY DEVELOPMENT CORPORATION |
$9,706.00 |
| Monroe | MONROE-UNION COUNTY COMMUNITY DEVELOPMENT CORPORATION |
$40,000.00 |
| Morganton | OLIVE HILL COMMUNITY ECOMONIC DEVELOPMENT CORPORATION |
$44,472.00 |
| Morganton | OLIVE HILL COMMUNITY ECOMONIC DEVELOPMENT CORPORATION |
$9,706.00 |
| New Bern | TWIN RIVERS OPPORTUNITIES, INC. |
$42,500.00 |
| Raleigh | CONSUMER EDUCATION SERVICES, INC |
$32,941.00 |
| Raleigh | CONSUMER EDUCATION SERVICES, INC |
$5,227.00 |
| Raleigh | NORTH CAROLINA HOUSING FINANCE AGENCY |
$83,416.00 |
| Raleigh | RALEIGH AREA DEVELOPMENT AUTHORITY, INC. |
$49,716.00 |
| Raleigh | RALEIGH AREA DEVELOPMENT AUTHORITY, INC. |
$10,883.00 |
| Rich Square | CHOANOKE AREA DEVELOPMENT ASSOCIATION OF NC, INC. |
$40,976.00 |
| Rich Square | CHOANOKE AREA DEVELOPMENT ASSOCIATION OF NC, INC. |
$9,706.00 |
| Rocky Mount | ROCKY MOUNT/EDGECOMBE CDC |
$40,000.00 |
| Rowland | ROBESON COUNTY COMMUNITY DEVELOMENT CORPORATION, INC |
$26,992.00 |
| Shelby | CLEVELAND COUNTY COMMUNITY DEVELOPMENT CORPORATION |
$50,000.00 |
| Smithfield | JOHNSTON-LEE-HARNETT COMMUNITY ACTION, INC |
$40,000.00 |
| Smithfield | JOHNSTON-LEE-HARNETT COMMUNITY ACTION, INC |
$10,000.00 |
| Statesville | STATESVILLE HOUSING AUTHORITY |
$54,960.00 |
| Waynesville | MOUNTAIN PROJECTS, INC. |
$32,236.00 |
| Wilmington | WILMINGTON A.M.E. ZION HOUSING DEVELOPMENT CORPORATION |
$44,472.00 |
| Wilson | WILSON COMMUNITY IMPROVEMENT ASSOCIATION, INC. |
$50,000.00 |
| Winston Salem | CCCS OF FORSYTH COUNTY, INC. – MAIN OFFICE |
$54,960.00 |
| Winston Salem | CCCS OF FORSYTH COUNTY, INC. – MAIN OFFICE |
$50,000.00 |
| Winston Salem | CCCS OF FORSYTH COUNTY, INC. – MAIN OFFICE |
$12,843.00 |
|
STATE TOTAL |
$1,781,863.00 |
|
* Detailed individual grant summaries are available on the HUD’s website.
