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HUD is Sending $1.2 Million to Georgia for Housing Counseling

The housing counseling grants are to help approximately one million Americans make more informed housing choices, keep their current homes, or receive assistance to help them avoid foreclosure.

The U.S. Department of Housing and Urban Development (HUD) has awarded $42.8 million in housing counseling grants to help approximately one million Americans make more informed housing choices, keep their current homes, or receive assistance to help them avoid foreclosure. $1.2 million of that funding is coming to Georgia.

Nearly half of the state and local counseling agencies awarded HUD grants received preference because they will provide counseling to individuals and families within designated Opportunity Zones (see attached list).

“HUD-approved housing counseling agencies are on the front lines of helping individuals and families to find affordable rental housing or make more informed homeownership choices,” said HUD Secretary Ben Carson. “The funding we announce today will help families to realize their dreams-whether it’s owning a home, avoiding foreclosure, or finding an affordable place to rent.”

These grants will directly support the housing counseling services provided by 207 HUD-approved local housing counseling agencies, national and regional organizations, and state housing finance agencies (SHFAs). Read a comprehensive summary of each housing counseling grant.

Grant recipients will provide services to address a full range of housing counseling needs. This includes assisting homebuyers in evaluating their readiness for a home purchase and navigating through the homebuying process. The organizations also help households find affordable rental housing, offer financial literacy training to individuals and families, and provide foreclosure prevention counseling to help homeowners facing delinquency or default to understand their options for avoiding foreclosure.

In addition to providing counseling to homeowners and renters, these organizations assist homeless persons in finding transitional housing and help seniors determine whether a reverse mortgage makes sense for them.

There are many ways to locate a HUD-approved housing counseling agency. Visit HUD’s website or call (800) 569-4287 for our interactive telephone directory. Watch HUD’s video on how housing counseling can help families find (and keep) housing.

Housing Counseling Grants in Opportunity Zones

Created under the 2017 Tax Cuts and Jobs Act, Opportunity Zones aim to stimulate long-term investments in low-income communities by offering significant capital gains tax relief to those who invest in these distressed areas. This initiative is anticipated to spur $100 billion in private capital investment in Opportunity Zones. Incentivizing investment in low-income communities fosters economic revitalization, job creation, and promotes sustainable economic growth across the nation, especially in communities HUD serves. Applicants seeking funding under HUD’s Housing Counseling grant program receive bonus points to further drive public investment to these areas.

The following is a breakdown of the funding announced:

Georgia Affordable Housing Enterprises, Inc. Griffin $16,133
  Appalachian Housing and Redevelopment Corporation* Rome $19,568
  Area Committee to Improve Opportunities Now, Inc. Athens $16,272
  City of Albany, Georgia Albany $17,371
  Georgia Housing and Finance Authority* Atlanta $721,169
  Operation Hope, Inc* Atlanta $412,490
  Refugee Family Assistance Program Stone Mountain $25,336
  Summech Community Development Corporation, Inc.* Atlanta $17,781
Georgia Total $1,246,120

 

Click here to see all of the entities awarded funds around the country.

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