17 State HFAs to Receive HUD Counseling Grants for FY 2016
HUD announced today the recipients of more than $40 million in Housing Counseling program grants for fiscal year (FY) 2016. The funding will go to 234 different housing counseling agencies, including 17 state HFAs that combined will receive $6.7 million in grants. HUD also released a list of counseling agencies that were awarded funding and a comprehensive summary of each grant awarded.
These grants will support programs that provide low- and moderate-income consumers with a variety of counseling services, including educating first-time home buyers about their options, helping families secure affordable rental housing, and offering financial literacy training to those who have experienced credit troubles. To date, the Housing Counseling program has supported housing counseling and education services for over 1.4 million consumers.
The awards given out this year represent the first phase of HUD’s two-year Comprehensive Housing Counseling Grant Program Notice of Funding Availability (NOFA), which covers FYs 2016 and 2017. This means that HUD will use the applications it receives for FY 2016 funding when awarding funding for FY 2017, should the counseling program receive appropriations for that year.
In recent years, recognizing the important role that HFAs play in housing counseling, HUD has sought to increase HFA participation. The FY 2016 and 2017 NOFA encouraged applicants to partner with state HFAs.
HUD also awarded today $2 million in housing counseling training grants to three national organizations (the National Community Reinvestment Coalition, Inc.; National Council of La Raza; and NeighborWorks America). This funding will be used to train housing counselors nationwide.