Jun 19, 2013 5:03 PM by MELISSA CANONE (PHOTO COURTESY: MGN ONLINE)
BATON ROUGE - The Louisiana Housing Corporation has been awarded $218,261 for Comprehensive Counseling by the U.S. Department of Housing and Urban Development (HUD). LHC was the only organization in Louisiana awarded Housing Counseling Grant funding.
"We are honored to have been awarded this funding," said LHC Board Chairman Michael Airhart. "This grant will allow LHC to expand the work we've already begun on homeowner counseling. We believe that with the right information and tools, homeownership can be an accessible option for families all across Louisiana. This grant award is especially timely as LHC is currently celebrating National Homeownership Month in June."
The grant funding will be used to assist citizens of the in preparing for homeownership and building the skills necessary to maintain homeownership.
"We hope to work with individuals and communities through our system of sub-grantees in building knowledge of programs and resources in order for participants in the program to be successful homeowners," explained Bradley Sweazy, Chief Operating Officer of LHC.
Comprehensive counseling involves preparing participants for homeownership, explaining mortgage products, closing processes and other aspects so that potential homeowners will know what to expect in the process, as well as how to maintain a budget and retain homeownership.
LHC aims to use this grant award to provide homeownership counseling services across the state.