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Friday, January 3, 2025

HUD provides funding to 7 North Carolina agencies to help improve financial literacy, keep people in their homes

Property

Seven North Carolina housing organizations will collectively receive $1 million to help provide financial education and counseling to those struggling because of COVID-19. | Pixabay

Seven North Carolina housing organizations will collectively receive $1 million to help provide financial education and counseling to those struggling because of COVID-19. | Pixabay

Seven housing organizations based in North Carolina are part of approximately 200 that will split $40 million from a federal agency to help financially struggling homeowners and renters avoid foreclosures or evictions because of COVID-19's impacts. 

HUD awarded approximately $1.1 million to the Chatham County Housing Authority, Housing Authority of The City of Greensboro, Housing Authority of The City of High Point, North Carolina Housing Coalition, Telamon Corporation, Twin Rivers Opportunities, Inc., and Western Piedmont Council of Governments, HUD said in a news release on June 16. The North Carolina Housing Coalition received $644,257, which was the most awarded in North Carolina. 

“Today’s funding reinforces HUD’s commitment to the important role counseling plays in helping families make responsible choices to address their housing needs,” Acting Federal Housing Commissioner Len Wolfson said in the news release. “In the midst of the COVID-19 pandemic, HUD-approved counselors are there to assist millions of homeowners and renters nationwide and help them keep a roof over their heads.”

The agencies receiving HUD's funding use it to help potential homeowners navigate the buying process, find renting options and financial literacy training among other housing counseling services, the news release stated. 

“These housing counselors help individuals and families in need to get mortgage payment relief assistance now, and to take the steps necessary to save their homes in the future," HUD Secretary Ben Carson said in the news release.

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