Grants.gov - Housing Counseling Services

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The synopsis for this grant opportunity is detailed below, following this paragraph. This synopsis contains all of the updates to this document that have been posted as of 07/26/2010 . If updates have been made to the opportunity synopsis, update information is provided below the synopsis.
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Any inconsistency between the original printed document and the disk or electronic document shall be resolved by giving precedence to the printed document.

Description of Modification

Document Type:	Modification to Previous Grants Notice
Funding Opportunity Number:	FR-5415-N-02
Opportunity Category:	Discretionary
Posted Date:	Jul 26, 2010
Creation Date:	Jul 26, 2010
Original Closing Date for Applications:	Aug 27, 2010
Current Closing Date for Applications:	Aug 27, 2010
Archive Date:	Aug 28, 2010
Funding Instrument Type:	Grant
Category of Funding Activity:	Housing
Category Explanation:
Expected Number of Awards:
Estimated Total Program Funding:	$79,000,000
Award Ceiling:	$0
Award Floor:	$0
CFDA Number(s):	14.169 -- Housing Counseling Assistance Program
Cost Sharing or Matching Requirement:	No

Eligible Applicants

Others (see text field entitled "Additional Information on Eligibility" for clarification)

Additional Information on Eligibility:

Eligible applicants include: HUD-approved Local Housing Counseling Agencies (LHCAs); HUD-approved national and regional intermediaries (Intermediaries); State Housing Finance Agencies (SHFAs); and HUD-approved Multi-State Organizations (MSOs).

Agency Name

Department of Housing and Urban Development

Description

This program supports the delivery of a wide variety of housing counseling services to homebuyers, homeowners, low- to moderate-income renters, and the homeless. The primary objectives of the program are to improve financial literacy, expand homeownership opportunities, improve access to affordable housing and preserve homeownership. Counselors provide guidance and advice to help families and individuals improve their housing conditions and meet the responsibilities of tenancy and homeownership. Counselors also help borrowers avoid inflated appraisals, unreasonably high interest rates, unaffordable repayment terms, and other conditions that can result in a loss of equity, increased debt, default, and eventually foreclosure. Additionally, counselors may provide counseling services to homeowners to prevent or resolve mortgage delinquency, default, and foreclosure, with the primary objective to preserve homeownership. Counselors provide guidance and advice to help families and individuals meet the responsibilities of homeownership and modify or refinance their loans to avoid unreasonably high interest rates, unaffordable repayment terms, and other conditions that can result in a loss of equity, increased debt, default, and eventually foreclosure. Applicants funded through this program may also provide Reverse Mortgage Counseling to elderly homeowners who seek to convert equity in their homes into income that can be used to pay for home improvements, medical costs, living expenses, or other expenses.

Link to Full Announcement

Grants.gov/APPLY

If you have difficulty accessing the full announcement electronically, please contact:

PHL HOC Brenda Bellisario 215.861.7268
ATL HOC Carolyn Hogans 678.732.2129
DEN HOC Vic Karels 303.675.1640
STA ANA HOC Rhonda Rivera 714.796.1200x3210
HHQ Intermediaries Terri Gilyard-Ames 202.402.3025 See NOFA

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