HUD Archives: News Releases


Lee Jones
(804) 822-4804
For Release
Thursday
October 4, 2007

BUSH ADMINISTRATION ANNOUNCES $771,000 IN HOUSING COUNSELING GRANTS TO 14 VIRGINIA GROUPS

WASHINGTON - Thousands of Virginia families will have a greater opportunity to find housing or keep the homes they have because of $771,077 in housing counseling grants to 14 Virginia organizations announced today by Housing and Urban Development Secretary Alphonso Jackson. Nationwide, HUD awarded $44.1 million in housing counseling grants today.

Housing counseling grants assist families in becoming first-time homeowners and remaining homeowners after their purchase. Renters and homeless individuals and families will also benefit from the counseling offered by the grants. These grants, totaling over $41 million, were awarded to 19 national and regional organizations and nearly 370 state and local housing counseling agencies.

Virginia organizations winning HUD housing counseling grants today include People Inc. of Southwest Virginia in Abingdon, the Accomack-Northampton Planning District Commission, Quin Rivers, Inc. in Charles City County,
Piedmont Housing Alliance in Charlottesville, the Telamon Corporation in Gretna, Lynchburg Community Action, the Prince William County Office of Housing/Cooperative Extension in Manassas, the Newport News Office of Human Affairs, the Southeastern Tidewater Opportunity Project in Norfolk, New River Community Action in Radford, Total Action Against Poverty, Inc., in Roanoke, Housing Opportunities Made Equal (H.O.M.E.) and the Virginia Housing Development Authority in Richmond, Skyline Community Action in Stanardsville and Total Action Against Poverty in Roanoke.

"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."

National and regional agencies distribute much of HUD's housing counseling grant funding to community-based grassroots organizations that provide advice and guidance to low- and moderate-income families seeking to improve their housing conditions. In addition, these larger organizations help improve the quality of housing counseling
services and enhance coordination among other counseling providers.

Of the more than $41 million in housing counseling grants, $3 million is being awarded in supplemental funding for
Home Equity Conversion Mortgage (HECM) counseling. These funds will provide counseling for the rapidly growing number of elderly homeowners who seek to convert equity in their homes into income that can be used to pay for home improvements, medical costs, and other living expenses.

The organizations that provide housing counseling services help people become or remain homeowners or find rental housing, and assist homeless persons in finding the transitional housing they need to move toward a permanent
place to live. 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.

In addition, grantees help 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. Likewise, foreclosure prevention counseling helps homeowners facing delinquency or default employ strategies, including expense reduction, negotiation with lenders and loan servicers,
and loss mitigation, to avoid foreclosure. With foreclosures on the rise nationwide, these services are more
important than ever.

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.

VIRGINIA AGENCIES WINNING
2007 HUD HOUSING COUNSELING GRANTS

Abingdon PEOPLE INCORPORATED OF SOUTHWEST VIRGINIA
$44,564.00
Accomac ACCOMACK-NORTHAMPTON PLANNING DISTRICT COMMISSSION
$27,230.82
Charles City QUIN RIVERS, INC
$27,230.82
Charlottesville PIEDMONT HOUSING ALLIANCE
$45,307.86
Gretna TELAMON CORPORATION
$45,307.86
Lynchburg LYNCHBURG COMMUNITY ACTION GROUP, INC.
$38,077.04
Manassas PRINCE WILLIAM COUNTY VIRGINIA COOPERATIVE EXTENSION
$74,231.13
Newport News NEWPORT NEWS OFFICE OF HUMAN AFFAIRS
$38,077.04
Norfolk SOUTHEASTERN TIDEWATER OPPORTUNITY PROJECT
$59,769.49
Radford NEW RIVER COMMUNITY ACTION, INC.
$20,000.00
Richmond HOUSING OPPORTUNITIES MADE EQUAL, INC
$70,615.72
Richmond VIRGINIA HOUSING DEVELOPMENT AUTHORITY
$171,180.00
Roanoke TOTAL ACTION AGAINST POVERTY, INC
$51,536.03
Stanardsville SKYLINE COMMUNITY ACTION PROGRAM, INC
$63,950.00
VIRGINIA STATE TOTAL
$771,077.81

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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Content Archived: August 04, 2011