Fiscal Year 2023 Homeownership Initiative

Due: Apr 9, 2024

$3,000,000

DescriptionThe Homeownership Initiative (HI) helps to bridge the homeownership gap by increasing homeownership rates among Underserved Communities. HUD-approved Intermediaries, Multi-State Organizations, and State Housing Finance Agencies will receive Fixed Amount Awards to provide Culturally Sensitive, Linguistically Appropriate Housing Counseling that results in home purchase, mortgage origination, and preservation of ownership. The purpose of this housing counseling is to improve the likelihood that a household is ready for the long-term...

Estimated Total Program Funding$10,000,000Expected Number of Awards30Award Ceiling$3,000,000Award Floor$1

Eligible Applicants- Others

Additional Eligibility Information

1. Eligible applicants must satisfy the following criteria: Applicant must bean Intermediary or Multi-State Organization (as defined by 24 C.F.R. 214.3) approved to participate in the HUD Housing Counseling Program prior to the NOFO publication date. In addition, State Housing Finance Agencies are eligible for this NOFO if they possess statutory authority to provide housing counseling throughout their state and adhere to all program requirements outlined in 24 C.F.R. Part 214, HUD Housing Counseling Handbook 7610.1, and other gov...

Funding TypeGrantCategories of Funding Activity- HousingOpportunity TypeDiscretionary

Grantor Contact InformationEmail for questions related to tihs NOFOGrantor Emailhousing.counseling@hud.govOther Grantor InformaitonMelissa Noe

Additional informationHUD exchangeSupporting Linkhttps://www.hudexchange.info/programs/housing-counseling/nofa/

Fiscal Year 2023 Homeownership Initiative

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