HUD Awards Illinois Over $800,000 in Housing Counseling Grants

Lawndale News Chicago's Bilingual Newspaper - Business

The U.S. Department of Housing and Urban Development (HUD) awarded more than $42 million in housing counseling grants to hundreds of national, regional and local organizations to help families and individuals with their housing needs and to prevent future foreclosures. HUD’s housing counseling grants and the additional funding they leverage will assist more than 1.4 million households find housing, make more informed housing choices, or keep their current homes. See list of all counseling agencies awarded funding earlier this week.

June is National Homeownership Month, a time HUD recognizes how homeownership enhances lives and contributes to thriving communities. “Dare to Own the Dream” is the theme of this month-long recognition, reinforcing the long-held belief that owning a home remains one of the cornerstones of the American Dream. The grants awarded were announced at a White House gathering to mark National Homeownership Month. Grant recipients address the full range of families’ housing counseling needs. This includes helping homebuyers evaluate their readiness for a home purchase, understand their financing and down payment options, and navigate what can be an extremely confusing and difficult home buying process. The organization also help households find affordable rental housing and offer financial literacy training to individuals and families struggling to repair credit problems that restrict their housing options. There are many ways to find a HUD-approved housing counseling agency. Visit HUD’s website or call (800) 569-4287 for our interactive telephone directory. Get the free housing counseling i-phone app from the app store (not yet available for android). Watch HUD’s video on how housing counseling can help families find (and keep) housing.

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