JEFFERSON PARISH RECEIVES $49,000 HOUSING COUNSELING GRANT
$44.1 million awarded nationwide to nearly 400 national, State and local agencies

FORT WORTH - Approximately 700,000 families will have a greater opportunity to find housing or keep the homes
they have because of more than $44 million in housing counseling and counseling training grants announced today
by Housing and Urban Development Secretary Alphonso Jackson, including a grant made to the Jefferson Community Action Program in Jefferson Parish, Louisiana, for $49,929.

"This Administration strongly believes in the value of housing counseling services," said Jackson. "These
organizations help families make informed choices before they take the important step of homeownership. They also provide a service that is vital in today's mortgage market - they counsel families facing foreclosure and advise them about their options."

The organizations that provide housing counseling services help people become homeowners, remain homeowners,
find rental housing and assist homeless persons in finding transitional housing. 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.

Housing counseling agencies combat predatory lending by helping unwary borrowers avoid 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.

And with foreclosures on the rise nationwide, housing counselors can assist homeowners in mortgage default with strategies to avoid losing their homes.

A HUD-approved housing counseling agency since 1974, the Jefferson Community Action Program provides
customers with financial fitness training; first-time homebuyer training; pre-purchase counseling, which includes
credit counseling; home foreclosure counseling; reverse mortgage counseling for the elderly; rental housing
counseling and homeless assistance.

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 biennial performance reviews to maintain their
HUD-approved status.

HUD is the nation's housing agency committed to increasing homeownership, particularly among minorities;
creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development and enforces the nation's fair housing laws. More information about HUD and its programs is available on the
Internet and espanol.hud.gov

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