The Network will receive $257,837 to support the housing counseling services of nine nonprofit sub-grantee organizations throughout the state. These funds will help families and individuals with their housing needs, assist first-time home-buyers, and prevent future foreclosures.
In total, New Jersey will receive $482,483. Other housing counseling organizations receiving funding in New Jersey include:
The Network was invited to attend a celebration at the White House yesterday where HUD Secretary Julian Castro announced $42 million is being awarded across the country.
“We thank the Department, the Obama Administration, and our federal elected officials for making housing counseling a priority. New Jersey continues to lead the nation in foreclosures and many of our homeowners and renters are struggling to stay in their homes. Housing counselors are instrumental in helping individuals gain financial freedom.”
Said Network President and Chief Executive Officer Staci Berger.
June is National Homeownership Month, a time HUD recognizes how homeownership enhances lives and contributes to thriving communities.
“Housing counselors provide potential homeowners with the tools they need to ensure they’re ready and responsible. Their efforts give countless families a real shot at the American Dream of homeownership. The counseling organizations HUD supports are on the front lines in providing the full spectrum of services households need – from locating affordable rental housing, offering advice on how to become a homeowner, and preventing foreclosure.”
HUD Secretary Julián Castro said.
As a housing counseling intermediary, the Network provides pass-through housing counseling program funding to its network of qualified sub-grantee affiliate organizations which deliver housing counseling services throughout New Jersey.
In this capacity, the Network provides administrative oversight around providing excellence of services, technical assistance, reporting, and training.