Could “Housing Counseling” help alleviate new homebuying woes in Pennsylvania?

18 June 2024- On Monday, the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is announcing the award of $10 million in grant funding under its Homeownership Initiative to 23 HUD-approved housing counseling agencies. The funding will support activities by these agencies to prepare and equip prospective homebuyers to successfully navigate the homebuying process and guide them to access the affordable homes they deserve.

The announcement was made Monday morning in Harrisburg, PA, by Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon at the Pennsylvania Housing Finance Agency, a recipient of one of the grants under the program. The Pennsylvania Housing Finance Agency is receiving more than $479,000 through this funding opportunity to support their network of affiliates in delivering homeownership counseling programs to underserved communities throughout the state.

“Housing counseling agencies play a unique and critical role in helping first-time homebuyers achieve homeownership,” said Assistant Secretary for Housing Julia Gordon. “Today’s grant awards will help housing counseling agencies throughout the country reach those who may never have believed they could own a home and help them to prepare for, enter into, and maintain homeownership.”

The grants awarded today will enable HUD-approved housing counseling agencies to provide culturally sensitive and linguistically appropriate services for pre- and post-purchase housing counseling, with the goal of increasing homeownership rates among historically underserved communities.