The North Hudson Community Action Corporation has received a $16,746 grant from the U.S. Department of Housing and Urban Development (HUD) for housing counseling.
By John Heinis/Hudson County View
The award will support the comprehensive housing counseling services provided by grantees to homebuyers, homeowners, and renters, and will help to continue the important work that began in 2021 to reach deeper into underserved communities through partnerships between HUD-approved housing counseling agencies, Historically Black Colleges, and Universities (HBCUs), and other Minority Serving Institutions (MSIs).
In New Jersey, HUD awarded $491,487 to nine housing counseling organizations.
“Homeownership is the primary way most people in this country build wealth. It has the power to transform not only your life but the lives of your family members,” HUD Secretary Marcia L. Fudge said in a statement.
“Housing counseling services help ensure current and prospective homeowners have all the tools they need to purchase and maintain the homes of their dreams.”
These services include assisting homebuyers in evaluating their readiness for a home purchase and navigating the home buying process, helping households find affordable rental housing, offering financial literacy training to individuals and families, and providing foreclosure prevention counseling for struggling homeowners.
In addition to providing counseling to homeowners and renters, HUD-approved housing counseling agencies support emergency preparedness and disaster recovery efforts, assist homeless persons in finding transitional housing, and help seniors determine whether a HECM or other reverse mortgage makes sense for them.
“HUD wants you to own your own home. HUD provides valuable resources so that homebuyers of all ages and income levels can make their dream of homeownership come true,” added HUD Regional Administrator for New York and New Jersey Alicka Ampry-Samuel.
“HUD-Approved Housing Counseling Agencies take homebuyers by the hand and guide them through the home purchasing process. Families that purchase a home create generational wealth and stabilize communities, fostering growth and a better quality of life for all residents.”
