Community Dividend

HUD awards $73 million to housing counseling organizations

Published April 1, 2011  |  April 2011 issue

The U.S. Department of Housing and Urban Development has awarded approximately $73 million in grants to more than 500 housing counseling agencies throughout the country. The total dollar amount reflects an increase of $13 million, or 22 percent, over the 2010 funding level. More than $5 million of this year's grants went to three national organizations (National Community Reinvestment Coalition, National Council of La Raza, and Neighborhood Reinvestment Corporation) for the purpose of training 4,500 housing counselors. The remaining grants will go to regional, state-level, and local organizations to support foreclosure prevention counseling and home buyer education activities. Nearly $4.2 million of the grants went to organizations headquartered in the Ninth Federal Reserve District.

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Narayana Kocherlakota

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