MANCHESTER (October 29, 2007) – On Thursday, October 25, the U.S. Department of Urban Development Regional Director Taylor Caswell – joined by NeighborWorks Greater Manchester Executive Director Robert Tourigny and Manchester Mayor Frank Guinta – announced housing counseling grants totaling $59,769 to NeighborWorks Greater Manchester, which will be used to provide services to help families and individuals find or keep homes.
The city’s official Web site – www.manchesternh.gov – will be providing a link to the various HUD-approved housing counseling agencies in New Hampshire.
The grants announced last week will provide funding for local agencies to assist families who are facing mortgage delinquency and default. Within these services, HUD can determine whether those receiving counseling qualify for FHA Secure, a new federal mortgage refinancing program that will help homeowners who have an adjustable rate mortgage that is resetting to a higher interest rate.
“HUD, NeighborWorks and the City of Manchester are committed to encouraging new and existing home ownership in a responsible and sustainable way,” Mayor Guinta said. “The groups involved want to provide the proper counsel and, if needed, financial assistance to those that work hard and pay their bills, but are still struggling to sustain the America Dream of home ownership.”
In addition, the counselors can help potential first-time homeowners realistically evaluate their ability to purchase a home.
A list of the 22 HUD-approved counseling agencies in New Hampshire can be found on the city’s Web site at www.manchesternh.gov. More information can be found at www.hud.gov/local/nh/news/localnews.cfm.