HUD grants $40 million for housing counseling

The U.S. Department of Housing and Urban Development oversees most reverse mortgages under its Home Equity Conversion Mortgage program. Since its growth. She helped secure a $40 million city fund.

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The Department of Housing and Urban Development (HUD) announced that it is providing $40 million in grant money to organizations that provide counseling to prospective homebuyers. "We know that housing counseling can make all the difference in purchasing and, most importantly, keeping a home.

The Department of Housing and Urban Development today announced $40 million in funding awards to housing counseling agencies and intermediaries nationwide, including funding for reverse mortgage counseling. The agency recently changed the way it allocates funds to include all counseling funding under a single grant rather than separating reverse mortgage counseling funds.

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