U.S. Department of Housing & Urban Development

09/26/2024 | Press release | Distributed by Public on 09/26/2024 10:25

HUD Announces $48 Million to Expand Access to Housing Counseling to Assist Renters and Homeowners

HUD No. 24-250
HUD Public Affairs
(202) 708-0685
FOR RELEASE
Thursday
September 26, 2024

HUD Announces $48 Million to Expand Access to Housing Counseling to Assist Renters and Homeowners

Funding for more than 160 housing counseling organizations will advance the agency's goal to provide expert advice and provide pathways to homeownership


WASHINGTON - Today, the U.S. Department of Housing and Urban Development (HUD) is announcing $48 million to increase access to housing counseling services and strengthen the nation's housing counseling workforce. Acting Secretary Adrianne Todman made the announcement during remarks at the National Association of Housing and Redevelopment Officials' National Conference.

Across America, thousands of HUD-certified counselors are working to help families achieve their goals and secure affordable homes. The awards announced today will advance these ongoing efforts at more than 160 HUD-approved housing counseling agencies, state housing finance agencies, educational institutions, and national, regional, multi-state, and non-profit organizations. Today's announcement reflects the Biden-Harris Administration's commitment to expanding access to homeownership, particularly for first-time and historically disadvantaged homebuyers.

"Buying a home and keeping a home can be an overwhelming experience, particularly for first-time homebuyers," said HUD Acting Secretary Adrianne Todman. "HUD-certified housing counselors are available to help every step of the way. They provide vital information about available resources, such as downpayment assistance. We value the work housing counseling do to provide expert advice and will continue to fight for funding to support their efforts."

The awards announced today will support organizations that provide housing counseling services, train housing counseling professionals, and deliver educational resources to consumers about pre-purchase homebuying, financial literacy, foreclosure and rental eviction prevention, reverse mortgage counseling, disaster recovery, appraisal bias, and heirs' property management. The award recipients include 14 HUD-approved housing counseling agencies partnering with Historically Black Colleges and Universities to provide educational resources to homeowners, homebuyers, and renters to help bridge the racial homeownership gap.

"For so many individuals and families, finding a safe and affordable housing options may seem out of reach," said Assistant Secretary of Housing and Federal Housing Commissioner Julia R. Gordon. "Unbiased housing counseling helps to turn the aspiration of obtaining safe and affordable place to call home into reality."

Under the Biden-Harris Administration, HUD has redoubled efforts to help Americans with homeownership by supporting housing counselors and housing counseling agencies across the country. This month, as part of the ongoing "Let's Make Home the Goal" campaign, HUD launched a new partnership with Zillow to raise awareness of pre-purchase housing counseling designed to reach communities of color and break down systemic barriers to homeownership. Additionally, HUD modernized a rule which will allow HUD-approved housing counseling agencies to use virtual methods to broaden access and reach even more people seeking assistance. In 2023, HUD also updated the Housing Counseling Program Handbook, which is now available in multiple languages to support the diverse communities HUD serves.

To locate a HUD-approved housing counseling agency nationwide, please visit www.hud.gov/findacounselor.

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