HUD Secretary applauds NeighborWorks America for awarding $130 million for Foreclosure Prevention Counseling

    HUD Secretary applauds NeighborWorks America for awarding $130 million for Foreclosure Prevention Counseling

    WASHINGTON – U.S. Housing and Urban Development Secretary Alphonso Jackson today issued the following statement applauded NeighborWorks America for expeditiously awarding $130 million to HUD-approved national counseling intermediaries and state housing finance agencies that will provide thousands of families with foreclosure prevention counseling.

    “I applaud Ken Wade and NeighborWorks America for moving quickly to award this vital funding and help homeowners at risk of foreclosure.  For families caught in the foreclosure trap, this targeted investment is one more resource to help them keep their homes and bring stability to their communities.

    Providing foreclosure prevention counseling contributes significantly to securing the American Dream.  President Bush has maintained his commitment to sustainable homeownership by increased funding for housing counselors by 150 percent since 2001, and this year’s budget request calls for another $65 million.

    HUD’s 2,300 counseling agencies across the country are on the front lines of saving families.  Last year, they reached more than 1.6 million households.  Together, HUD and NeighborWorks are acting quickly to give financially-strapped families the immediate and long-term assistance they need right now.”

    ###

    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 at www.hud.gov and espanol.hud.gov. For more information about FHA products, please visit www.fha.gov.

    SHARE
    NeighborWorks

    NeighborWorks America (NW) creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing.

    Since 1991, we have assisted nearly 1.2 million low- to moderate-income families with their housing needs. Much of our success is achieved through our support of the NeighborWorks network ? more than 230 community development organizations working in more than 4,400 urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico. In the last five years, NeighborWorks organizations have generated more than $15 billion in reinvestment in these communities.

    NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.

    Contact:

    Tel: (202) 220-2300
    Fax: (202) 376-2600

    Previous articleBest Places To Get Ahead
    Next articleHUD Secretary: FHASecure helps 100,000 Americans stay in their homes