The Real Deal Miami

U.S. home counseling programs to receive $73 million in federal funding

December 23, 2010 02:56PM

The Obama Administration has allocated $73 million for housing counseling, the Department of Housing and Urban Development announced today, aimed at helping families find suitable and affordable homes while avoiding foreclosure. The funds will be given to more than 500 different home counseling programs across the country. HUD Secretary Shaun Donovan said that the organizations receiving the funds “assist families in making more informed choices before they purchase a home and counsel families facing foreclosure.” The $73 million funding marks a 22 percent increase over last year’s allocation of $60 million. TRD