BALANCE, a national homeownership and financial counseling agency based in Concord, Calif., received a sizeable grant from The Department of Housing and Urban Development (HUD) in the amount of $767,514. The nonprofit also recently was recognized by HUD for having all of its housing counselors achieve HUD Housing counselor certification in advance of the 2020 deadline, the company announced in a release.
The agency joins a group of 31 national and regional intermediaries to be funded by HUD in fiscal year 2018. The funds support access to expert counseling for consumers who are navigating the homebuyer process, need mortgage guidance, require reverse mortgage education and more.
“We’re honored and thrilled to receive HUD funding again,” CEO Kathryn Davis said in the release. “It will play a critical role in our mission to empower Americans seeking to achieve or maintain homeownership, especially at a time when so many are struggling to afford housing."
As a national intermediary and HUD-approved housing counseling agency, BALANCE plans to use its robust suite of services to provide assistance to consumers and its non-profit affiliates serving diverse communities. This includes one-on-one housing counseling and classroom education, as well as coaching via phone, webinars and online learning platforms.