Wells Fargo Housing Foundation: Homeownership Counseling Grant Program
The Homeownership Counseling Grant Program (HCGP) provides financial resources to local nonprofit housing organizations to create affordable and sustainable homeownership opportunities for low-to-moderate income (LMI) people. The grant program focuses on:
- Homebuyer counseling: Counselor-to-client assistance that addresses unique financial circumstances and housing issues and focuses on overcoming specific obstacles to achieve housing goals such as: repairing credit, locating cash for a down payment, recognizing predatory lending practices, understanding fair lending and fair housing requirements, avoiding foreclosure, or resolving a financial crisis. This focus also includes credit and budget counseling efforts.
- Homebuyer education: Education with an established curriculum and instructional goals, provided in a group or classroom setting or other formats (such as online), that covers such homeownership topics as the homebuying process, how to maintain a home, budgeting, the importance of good credit, and other homebuying related subjects. Pre-homebuyer education includes 4 to 8 hour workshops. Post-homebuyer education includes reverse-mortgage education efforts.
- Foreclosure prevention activities: Efforts designed to help families keep homes that are facing foreclosure and stabilize the overall housing market. Provides information and assistance to avoid foreclosure.
Amount: Not specified.
Eligibility: Nonprofit organization that are tax exempt under Internal Revenue Service Code 501(c)(3). The applicant must have completed at least two consecutive years of operations as of the date of application. The project/program must serve low to moderate income homebuyers and homeowners.
This post was filed under: