General World News

HUD issues $10M in counseling grants to ‘combat homeownership gap’

The U.S. Department of Housing and Urban Development (HUD) announced Monday the availability of $10 million in new grants to be distributed to 23 HUD-approved counseling agencies nationwide, which will help the department boost homeownership rates within historically underserved communities.

Announced Monday morning in Harrisburg, Pennsylvania, by Federal Housing Administration (FHA) Commissioner Julia Gordon, the funds “will support activities by these agencies to prepare and equip prospective homebuyers to successfully navigate the homebuying process” so they can locate affordable homes, HUD explained.

Gordon made the announcement details ⇒

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