HUD Awards $40 Million in Counseling Funding Including Reverse Mortgages

June 18, 2013
Reverse Mortgage Daily  
mortgage lending news

HUD is distributing $40 million in funding to more than 300 housing counseling providers across the nation. The awards include funding for reverse mortgage counseling, which previously was allocated under a separate grant. "Make no mistake: these grants will do a lot of good," declared HUD Secretary Shaun Donovan, who said there is "clear" proof that housing counseling is effective. "The HUD-approved counseling agencies this funding supports are crucial in helping families manage their money, navigate the homebuying process, and secure their financial futures. ... These grants are a smart investment to help families and individuals find and keep housing, which helps promote neighborhood stability in the long term."
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