The Department of Housing and Urban Development will provide $40 million in grant money to organizations that provide counseling to prospective homebuyers.
The grant funding will be available to national and regional organizations, state housing finance agencies, and other local agencies that provide assistance to low- and moderate-income families. The grants can be used to help prospective buyers assess and evaluate potential homes, and to help families locate affordable rental housing. The grants can also be used to help families avoid foreclosure.
"The grants we offer today will help ensure families and individuals make more informed housing decisions, whether it means buying their first home, avoiding foreclosure, or finding affordable rental housing," HUD Secretary Julian Castro said in a news release.
The deadline for submitting grant applications is April 4.
