JACKSON, Miss. (WTVA) -- As part of its continuing effort to assist families and individuals with their housing needs and to prevent future foreclosures, the U.S. Department of Housing and Urban Development has announced $389,328 in housing counseling grants to five local counseling agencies and Mississippi’s state housing finance agency.
This funding is part of $40 million announced today to support 334 national, regional and local organizations.
As a result of these grants and the additional funding they help leverage, more than 1.6 million households will have a greater opportunity to find housing, make more informed housing choices or keep their current homes.
“Make no mistake: these grants will do a lot of good,” said HUD Secretary Shaun Donovan. “The HUD-approved counseling agencies this funding supports are crucial in helping families manage their money, navigate the homebuying process, and secure their financial futures. The evidence is clear that housing counseling works. These grants are a smart investment to help families and individuals find and keep housing which helps promote neighborhood stability in the long term.”
“These housing counseling grants provide direct and tangible assistance to assist Mississippi families towards homeownership and more importantly helps to preserve current owners in their homes. It provides the kind of concrete brick by brick assistance that provides hope of a better future while also contributing to the neighborhood and community as a whole”, said HUD Southeast Regional Administrator Ed Jennings, Jr.
More than $38 million in grant funds will directly support the housing counseling services provided by 27 national and regional organizations, 8 multi-state organizations, 22 State Housing Finance Agencies (SHFAs) and 277 local housing counseling agencies.
In addition, HUD is awarding $2 million to two national organizations to train housing counselors who will receive the instruction and certification necessary to effectively assist families with their housing needs.
In the WTVA viewing area, Covenant Community Development Corporation, located in Tupelo, will receive $17,429 in grant money for comprehensive counseling.
In 2002, Covenant Faith Outreach Ministries Church (CFORM) was formed as a faith-based non-profit organization and in 2005 Covenant Community Development Corporation (CCDC) was launched as an extension of CFORM.
In 2006 CCDC established Covenant Development Homeownership Education & Counseling Center to provide comprehensive services to the low-to-moderate income, special needs population, elderly, disabled individual and family members.
In 2008 they became a full service Homeownership Center providing Pre-purchase group homebuyer’s workshops and individual counseling, Post-purchase homeownership education & counseling, resolving or preventing mortgage delinquency default, non-delinquency post-purchase, rental & energy counseling, financial management, fair housing, assisting clients to resolve credit issues, scam awareness, identification and reporting and older adult financial education.
In November 2009, CFORM/CCDC became a HUD Approved Housing Counseling Agency.
In March 2010 they adopted the National Industry Standards for Professional Excellence in Homeownership Education and Counseling by the Advisory Council.