It's crucial that we maintain focus on the ongoing foreclosure crisis, improve language access for critical services, continue to press for sensible loan modifications and hold mortgage servicers accountable. HUD's Housing Counseling Program addresses these concerns and I have continuously pushed for full funding on this program because it:
Provides Direct Support for a Variety of Critical Services. The HUD Housing Counseling Program is the only federal program that provides direct support for pre-purchase counseling and education for first-time homebuyers; renter counseling, including for families transitioning out of homeownership; and reverse mortgage counseling for senior homeowners. The program also provides support for post-purchase counseling and education for homeowners, and counseling for homeless individuals and families seeking shelter or transitional housing.
Funds the Work of Non-Profit Housing Counselors Helping Americans With Basic Housing Needs. The Housing Counseling Program enables counselors to educate, advise and assist families in determining whether homeownership is the best course of action for them. Counselors help first-time and struggling homeowners fill out and submit complex financial forms, and serve as advocates for homeowners, shielding them against widely documented abuses, like loan modification scams. They are a vitally important resource for helping Americans achieve the American dream of maintaining safe and affordable housing.