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OBAMA ADMINISTRATION ANNOUNCES NEARLY $73 MILLION IN COUNSELING GRANTS TO HELP FAMILIES....
HUD ^ | 12/23/10 | Lamar Wooley

Posted on 12/23/2010 9:29:37 AM PST by illiac

WASHINGTON – In an effort to help families find decent housing and to prevent future foreclosures, the Obama Administration today announced nearly $73 million in housing counseling grants to more than 500 national, regional and local organizations. As a result of the funding announced today, hundreds of thousands of households will have a greater opportunity to find housing or keep the homes they have because of the housing counseling and counseling training grants awarded today by U.S. Housing and Urban Development Secretary Shaun Donovan.


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: acorn; evilregime; housing; obama
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The grants announced today represent a $13 million, or 22 percent increase over last year’s funding level. In announcing the grant awards, Donovan said HUD-approved housing counseling agencies are a critical part of the nation’s housing recovery.

"These organizations are on the front lines of helping families who are desperate to remain in their homes," said Donovan. "Now, more than ever, it’s crucial that we support these agencies that are working with struggling families on a one-to-one basis to manage their money, navigate the homebuying process, and secure their financial futures."

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.

"Now, more than ever, it is crucial that Americans better 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 purchase a home and counsel families facing foreclosure."

Nearly $68 million will support the direct provision of housing counseling services by 24 national and regional organizations, 5 multi-state organizations, and 484 state and local housing counseling agencies. In addition, HUD is awarding more than $5 million to three national organizations to train approximately 4,500 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 $9.5 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 potential mortgage scams, 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 performance reviews to maintain their HUD-approved status.

1 posted on 12/23/2010 9:29:39 AM PST by illiac
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To: illiac

ACORN payoff alert!


2 posted on 12/23/2010 9:31:12 AM PST by RightGeek (FUBO and the donkey you rode in on)
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To: illiac

More wealth redistribution. Money stolen from productive people that wont help anyone but the liberal art majors who will get a paycheck for shuffling papers.


3 posted on 12/23/2010 9:33:43 AM PST by winodog
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To: RightGeek

Sheesh - on the first page of the list is National Council of La Raza getting $2.5M for Washington DC!


4 posted on 12/23/2010 9:33:56 AM PST by RightGeek (FUBO and the donkey you rode in on)
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To: illiac

5 posted on 12/23/2010 9:35:36 AM PST by Christian Engineer Mass (Leftys who zone in on Palin miss the point. America's not about single figures. That's for NK/Cuba.)
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To: RightGeek

6 posted on 12/23/2010 9:36:50 AM PST by Christian Engineer Mass (Leftys who zone in on Palin miss the point. America's not about single figures. That's for NK/Cuba.)
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To: illiac

We know what this is about. Just another way of taking money from those who earn it and giving it to those who vote democrat.

This guy is not doing much Christmas shopping. He’s too busy sneaking marxist rules past the American people while they have dreams of sugar plums and the man with the red cap.


7 posted on 12/23/2010 9:36:53 AM PST by Leftism is Mentally Deranged (Liberalism is against human nature. Practicing liberalism is detrimental to your mental stability.)
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To: illiac
This is one-hundredth of one percent of the Stimulus.

It's not barely worth mentioning.

8 posted on 12/23/2010 9:38:25 AM PST by Lazamataz (If Illegal Aliens are Undocumented Workers, then Thieves are Undocumented Shoppers.)
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To: illiac

More ACORN money for leftist groups!!

This is how the left gets funded, from government.


9 posted on 12/23/2010 9:42:22 AM PST by GeronL (#7 top poster at CC, friend to all, nicest guy ever, +96/-14, ignored by 1 sockpuppet.. oh & BANNED)
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To: RightGeek

This is just of dozens or hundreds of grant programs the fedgov does too


10 posted on 12/23/2010 9:44:32 AM PST by GeronL (#7 top poster at CC, friend to all, nicest guy ever, +96/-14, ignored by 1 sockpuppet.. oh & BANNED)
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To: Lazamataz

“This is one-hundredth of one percent of the Stimulus. It’s not barely worth mentioning.”

It’s going DIRECTLY to groups involved in Democrat campaigning. This is how the radical left funds it’s campaigns against you. YOUR OWN TAX MONEY.


11 posted on 12/23/2010 9:49:39 AM PST by tcrlaf (Obama White House=Tammany Hall on the National Mall)
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To: Lazamataz
It's peanuts on the spending side, but manna from heaven for the voter fraud and community activist thugs receiving the money.

They should make their money the old fashioned way, by mugging people themselves.

12 posted on 12/23/2010 9:57:24 AM PST by dead (I've got my eye out for Mullah Omar.)
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To: illiac
"Counseling" whether psychological, bureaucratic, financial, or educational are major RAT constituencies.

We used to call them "priests," but kept them on a tight leash so to speak.

13 posted on 12/23/2010 9:58:48 AM PST by Carry_Okie (The environment is too complex and too important to manage by central planning.)
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To: RightGeek; maggief; onyx; Liz; hoosiermama; penelopesire; SE Mom
My FIRST thought.

ACORN/SEIU/SOROS FALSE FRONT LIB ORGS = THUGS!!!

Step up, Pubbies .. find your spines, stop the madness!

14 posted on 12/23/2010 9:59:29 AM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: illiac; Nachum

This administration knows no bounds.


15 posted on 12/23/2010 10:07:56 AM PST by Loud Mime (Study the Constitution, while we still have it)
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To: RightGeek

acorn... these dollars will go toward Obama’s campaign fund...


16 posted on 12/23/2010 10:31:56 AM PST by xtinct (The will of God will never take you where the Grace of God will not protect you..Be Strong Patriots!)
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To: STARWISE; RightGeek; maggief; hoosiermama; penelopesire; SE Mom
OBAMA GIVES ACORN/SEIU/SOROS FRONT ORGS $73M COUNSELING GRANTS-----Step up, Pubbies, find your spines, stop the madness!


17 posted on 12/23/2010 10:47:24 AM PST by Liz
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To: Lazamataz

If it pisses off just one democrat voter who changes sides, it’s worth the electrons and pixels.


18 posted on 12/23/2010 11:11:00 AM PST by Rebelbase
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To: Liz

19 posted on 12/23/2010 11:11:28 AM PST by Spunky (You are free to make choices, but not free from the consequences)
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To: illiac

The HUD site has links by state at the bottom:

For a list of all grants, organized by state, visit HUD’s website.
http://portal.hud.gov/hudportal/documents/huddoc?id=recommended_awards.pdf

For summary of each grant, organized by state, visit HUD’s website.
http://portal.hud.gov/hudportal/documents/huddoc?id=housing_grant_descriptions.pdf


20 posted on 12/23/2010 11:19:17 AM PST by luckybogey
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