X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – Credit unions interested in obtaining money from the Department of Housing and Urban Development to provide counseling to first-time, moderate income homebuyers have until April 7 to apply, according to the National Credit Union Foundation. “Our Foundation will apply for a larger HUD grant to help credit unions offer a full range of housing counseling, from pre-purchase to post-occupancy,” explained NCUF Program Development Director Ruth Jaure, who has written successful HUD grant proposals for three straight years. “We can use the HUD funds to help credit unions start new housing counseling programs or supplement existing programs.” Grant awards pay salaries and benefits of staff to work on housing counseling programs for qualifying credit unions or CUSOs. To qualify, those starting new programs must have the capacity to implement them and comply with federal requirements from the beginning. The ultimate goal is to prepare low-and-moderate income people for homeownership. “Our experience has shown that housing counseling helps credit union members buy their first homes, afford needed improvements, and prevent defaults,” Jaure observed. Over the past three years, NCUF has earned more than $1.7 million in HUD grants, funding more than a dozen credit union partners each year. And each year, the Foundation presents its credit union partners with free orientation sessions. As Jaure explained, “We take every opportunity to help credit unions increase their expertise in housing counseling as well as federal grants management.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.