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
06/16/2009
. If
updates have been made to the opportunity synopsis, update information
is provided below the synopsis.
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Document Type:
Grants Notice
Funding Opportunity Number:
FR-5300-N-02
Opportunity Category:
Discretionary
Posted Date:
Jun 16, 2009
Creation Date:
Jun 16, 2009
Original Closing Date for Applications:
Jul 17, 2009
Current Closing Date for Applications:
Jul 17, 2009
Archive Date:
Jul 18, 2009
Funding Instrument Type:
Grant
Category of Funding Activity:
Housing
Category Explanation:
Expected Number of Awards:
Estimated Total Program Funding:
$58,000,000
Award Ceiling:
Award Floor:
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.
If you have difficulty accessing the full announcement
electronically, please contact:
For program related information, LHCAs, MSOs and SHFAs should contact the HOC serving their area, as indicated below. Intermediaries should contact HUD Headquarters, Program Support Division at (202) 708-0317 (this is not a toll-free number). Hearing and speech challenged persons may access the telephone numbers listed below by calling the Federal Information Relay Service at 800-877-8339. Field Office contacts may be obtained in the NOFA.
Contact regarding Posting
Synopsis Modification History
There are currently no modifications for this opportunity.
