Fiscal Year 2023 Homeownership Initiative
ID: 349592Type: Posted
Overview

Buyer

Department of Housing and Urban Development (HUD)

Award Range

$1 - $3M

Eligible Applicants

Others

Funding Category

Housing

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/349592

Additional Information

https://www.hudexchange.info/programs/housing-counseling/nofa/
Timeline
    Description

    The Department of Housing and Urban Development (HUD) is offering the Fiscal Year 2023 Homeownership Initiative grant aimed at increasing homeownership rates among underserved communities. Eligible applicants, including HUD-approved Intermediaries, Multi-State Organizations, and State Housing Finance Agencies, must provide culturally sensitive and linguistically appropriate housing counseling to facilitate home purchases and mortgage origination. This initiative is crucial for bridging the homeownership gap and ensuring that households are prepared for the responsibilities of homeownership. The total estimated funding for this program is $10 million, with awards ranging from $1 to $3 million, and applications are due by April 9, 2024. For further inquiries, interested parties can contact Melissa Noe at Housing.Counseling@hud.gov or visit the HUD exchange for more information.

    Point(s) of Contact
    Housing.Counseling@hud.gov
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