$43 Million in HUD Housing Grants Awarded
October 9th at 8:02pm.
Last week The US Department of Housing and Urban Development awarded 43 million dollars in housing counseling grants to organizations around the country. A total of $3,925,924 was awarded to 8 different Massachusetts organizations, almost 10% of the national total.
The Housing Grants were given as direct support to housing counseling services. These services include assisting homebuyers in preparing for a home purchase, assistance with affordable rental housing, financial literacy training, and foreclosure prevention.
Preference was given to those looking to provide counseling within Opportunity Zones. Nationally nearly half of the organizations fell under this description and 75% of the Massachusetts organizations are set to provide housing counseling within Opportunity Zones.
You can find the press release direct from HUD here.