NATIONAL FOUNDATION FOR CREDIT COUNSELING® RECEIVES $2.3 MILLION HOUSING GRANT

Funding Used to Expand Support for Home Ownership Preservation

WASHINGTON, D.C. – March 18, 2015 – (RealEstateRama) — The National Foundation for Credit Counseling (NFCC) is pleased to announce that it has received a grant award totaling $2.3 million from NeighborWorks® America to support foreclosure prevention efforts through its Member Agencies.

The NFCC grant is part of $44.8 million in federally appropriated funds awarded through NeighborWorks® America’s National Foreclosure Mitigation Counseling Program to 18 HUD approved Housing Counseling Intermediaries, 25 State Housing Finance Agencies, and 68 community-based NeighborWorks® organizations to provide counseling to families and individuals facing the threat of foreclosure.

Approved by Congress in the FY08 Consolidated Appropriations Bill, the National Foreclosure Mitigation Counseling Program is administered through a competitive application process by NeighborWorks® America, within guidelines defined by Congressional legislation. NeighborWorks® America is an independent, Congressionally-chartered nonprofit organization based in Washington, DC, with a mission to provide access to sustainable homeownership and safe, affordable rental housing.

“The NFMCP grant made possible through the work of the Administration and Congress has allowed the NFCC to provide housing counseling for hundreds of thousands of homeowners, “said Susan C. Keating, president and CEO of the NFCC. “The NFCC is grateful for their leadership and the role played by NeighborWorks® America as they facilitated the appropriation of funding to serve this critical need.”

Consumers reaching out to an NFCC Member Agency for foreclosure prevention counseling can expect an in-depth analysis of their situation with a certified housing counselor who is willing to take the time to find the resolution option best suited to the individual’s specific needs. The counselor is trained and experienced, able to advocate on behalf of the consumer with the lender. To reach a certified housing counselor today, consumers can call (800) 388-2227 or visit www.nfcc.org.

The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services. NFCC members annually help millions of consumers through more than 600 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC member, call (800) 388-2227, (en Español (800) 682-9832) or visit www.nfcc.org.