Housing Counseling Program Homeownership Initiative


The Homeownership Initiative (HI) helps to bridge the homeownership gap by increasing homeownership rates among historically underserved borrowers. HUD-approved Intermediaries, Multi-State Organizations, and State Housing Finance Agencies will receive fixed amount awards to provide culturally sensitive linguistically appropriate pre-purchase and post-purchase counseling that results in home purchase.

General information about this opportunity
Last Known Status
Program Number
Federal Agency/Office
Office of Housing-Federal Housing Commissioner, Department of Housing and Urban Development
Type(s) of Assistance Offered
B - Project Grants
Program Accomplishments
Not applicable.
Housing and Urban Development Act of 1968, as amended., Title Housing and Urban Development Act of 1968 (12 U.S.C 1701x), Part 214, Section 106., Title Housing and Urban Development Act of 1968
HUD's Housing Counseling Program is authorized by Section 106 of the Housing and Urban Development Act of 1968 (12 U.S.C. § 1701x) and Section 4 of the Department of Housing and Urban Development Act (42 U.S.C. § 3533) as amended by Title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The Housing Counseling Program regulations are codified at 24 C.F.R. Part 214. The Home Equity Conversion Mortgage Program (HECM) is authorized by Section 255 of the National Housing Act (12 U.S.C. § 1715z-20), and its regulations are codified at 24 C.F.R. Part 206.
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
Qualified public or private nonprofit organizations. There are three categories of eligible applicants: (1) HUD-approved intermediary; (2) State housing finance agency; and (3) multi-state organizations.
Beneficiary Eligibility
Not applicable.
Eligible applicants must satisfy the following criteria: 1. An 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 issue 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 governing policies and requirements. 2. Experience with providing pre-purchase counseling and post-purchase counseling directly or through its Subgrantees and/or Branches.
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable.
Application Procedure
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Applicants must submit, by the application deadline, the items and forms requested in the NOFO. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program.
Award Procedure
All applications will be scored on a 100 point scale, not including preference points. If available funds are insufficient to provide grants to all Applicant's achieving the minimum fundable score, grants will be awarded in rank order until all available funds have been distributed. HUD reserves the right to adjust the minimum fundable score.
Contact the headquarters or regional location, as appropriate for application deadlines
Approval/Disapproval Decision Time
Not applicable.
For a period of at least 120 days, beginning 30 days after the public announcement of awards under this NOFO, HUD will provide a debriefing related to their application to requesting applicants. Information provided during a debriefing may include the final score the applicant received for each rating factor, final evaluator comments for each rating factor, and the final assessment indicating the basis upon which funding was approved or denied.
Not applicable.
How are proposals selected?
HUD will review applications in accordance with the requirements of the NOFO and the Housing Counseling Program.
How may assistance be used?
To provide housing counseling grants to HUD-approved intermediaries; Multi-State Organizations; and State Housing Finance Agencies. Grants provide a variety of housing counseling services, including home buying, homeownership, post-purchase, and mortgage default.
What are the requirements after being awarded this opportunity?
Performance Reports: Quarterly grant reports will be required in accordance with the NOFO. Eligible applicants must submit reports applicable under 2 CFR Part 200. Recipients must submit performance reports pursuant to OMB guidance and NOFO instructions. Grantees are assessed quarterly on their performance of timely submission of deliverables, the quality of their submissions and their efficiency in meeting specified timelines for drawing down funds and financial management. A final report of all cumulative activities is also required.
In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, nonfederal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. All applicants not required to complete a single or program-specific audit under 2 C.F.R. ?200.501 must submit their most recent independent financial audit. HUD will review individual circumstances upon request.
As required in grant documents and Housing Counseling Handbook, HUD 7610.1.
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
Funding assistance is for a discrete period of time, 12 months. Funding must be spent during the grant's designated Period of Performance. Grant payments are released quarterly during the Period of Performance. Method of awarding/releasing assistance: Quarterly.
Who do I contact about this opportunity?
Regional or Local Office
None/Not specified.
Headquarters Office
Brian N. Siebenlist
451 7th Street SW
Washington, DC 20410 USA
Phone: 2024025415
Website Address
Financial Information
Account Identification
(Project Grants (for specified projects)) FY 22$93,025,054.00; FY 23 est $67,000,000.00; FY 24 est $61,000,000.00; - The $61M in Grant funding for FY24 includes the Homeownership Initiative.
Range and Average of Financial Assistance
Not applicable/available.
Regulations, Guidelines and Literature
Not applicable.
Examples of Funded Projects
Not applicable.


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