HUD Counseling Funding

NeighborWorks® Network members leverage a variety of public and private funds to educate homebuyers about the challenging and often times confusing process of purchasing a home. Our members are the trusted advisors for new homeowners, providing the knowledge and confidence to ensure lasting homeownership wealth.

NNA members' work includes mortgage counseling, pre- and post-purchasing counseling, and financial literacy programs. Our goal is to educate the low- and moderate-income homebuyer, many of whom are first-time homebuyers, and provide them with the tools to purchase a home, but more importantly to stay in their home. As the current crisis demonstrates, the need for counseling has never been more important.

A major part of this work is funded by the HUD Counseling Program. Unfortunately, in FY 2011, the HUD Counseling Program was zeroed out. NNA is working with national partners in the HUD Counseling Intermediary Coalition to restore funding to this critical program in FY 2012, at $88 million, the Administration's request for FY 2012.

While the HUD Counseling Program has been zeroed out, the National Foreclosure Mitigation Counseling (NFMC) program has remained funded at $65 million. Although NFMC serves important needs in foreclosure assistance, there is still a critical need for the services HUD Housing Counseling provides. Click here for a fact sheet that details the differences between these two programs.