February 25, 2022
Year after year NID-HCA is making a difference in so many ways; fiscal year 2021 is no different and 2022 is on pace to increase those numbers. We’d like to highlight some of our current programs.
The COVID-19 pandemic continues to worsen existing inequalities across the United States. Unfortunately, many families and individuals throughout the nation continue to face job loss, difficulty in obtaining an affordable home mortgage, financial instability, and the threat of homelessness. Although all home mortgage delinquency rates continued to trend lower the past 12 months a recent report by the Consumer Financial Protection Bureau (CFPB) shows that Black and Hispanic mortgage borrowers are 2-3 times more likely to be delinquent or in a forbearance program compared to white borrowers. The lower delinquency rates can be directly related to the increasing values of single-family dwellings and therefore homeowner equity. This provides homeowners facing financial hardships and their mortgage lender to pursue reasonable workout options. When and or if the single-family property valuations begin to recede, these options will also become fewer and or more restrictive and having a disparate impact on Black and Brown homeowners and renters.
The American Rescue Plan Act of 2021 was signed into law by President Biden on March 11, 2021, in order to address these issues and stabilize our homes and communities. The legislation charges NeighborWorks America with designing and administering a national, $100 million housing counseling program that will provide grants to support housing counseling for households facing housing instability, such as rental eviction, home mortgage default and foreclosure, loss of income or homelessness.
NID-Housing Counseling Agency, headquarters in Oakland, CA with 55 branches nationwide located in Black and Brown communities was awarded funds to participate in this groundbreaking initiative to serve those traditionally hardest to serve and most venerable families facing housing challenges.
“The HSCP program will help individuals and families facing housing instability to receive free housing counseling services to help get them back on track”.
If you’re experiencing housing instability or a loss of income and would like to speak to a HUD Certified housing counselor, please click here.
Congratulations to NID-HCA and the other HUD approved agency award recipients. The U.S. Department of Housing and Urban Development (HUD) on Monday, January 24, 2022, awarded $51.4 million in housing counseling grants to 177 HUD-approved housing counseling agencies and intermediary organizations. This includes funding to HUD-approved housing counseling agencies that are partnering with Historically Black College and Universities (HBCUs), Hispanic Serving Institutions (HSIs), or other Minority Serving Institutions (MSIs). The funding supports housing counseling agencies in their critical work to stem the tide of the COVID-19 pandemic’s impact on housing, maintain housing stability by helping families facing foreclosure and rental eviction prevention, and help families make more informed housing choices for the near and long term. The awards also include funding to further training and education to attract and retain more housing counseling professionals.
“Whether a family is seeking affordable rental housing, buying their first home, or struggling to stay in current housing, now more than ever, housing counselors are supporting families’ housing needs,” said HUD Secretary Marcia L. Fudge. “We are pleased to announce these grants to the 177 HUD-approved housing counseling agencies across the country to support their work and continue HUD’s mission to ensure every American has access to safe, stable housing.”
“For over 35 years NID-Housing Counseling Agency has helped individuals and families achieve success in their financial and housing goals and this award will help us grow our capacity to serve lower to moderate urban and rural area families” said Latisha Carlisle, VP Housing Programs, NID-HCA.
To speak to a HUD Certified housing counselor, please click here.
HUD will direct approximately $3 million of the $51 million to a funding initiative for HUD-approved housing counseling agencies partnering with an HBCU, Tribal College and University or other Minority Serving Institution program to provide quality services to consumers to address their housing and financial needs.
NID partners with Historically Black Colleges and Universities (HBCU) Initiatives under the HUD Housing Counseling Program. We commit to providing scholarship opportunities for students enrolled in higher education institutions and internship opportunities working with a local NID Branch where students can apply lessons learned in the classroom.
Participating colleges are Dillard University and Southern University both in New Orleans, Louisiana, Laney College in Oakland, California, Elizabeth City State University in Elizabeth City, North Carolina, and Sacramento Theological Seminary and Bible College in Sacramento, California.
We’re starting with these five (5) colleges and looking to expand these opportunities over the next 12 months.
“Under this historic initiative we will be working with faculty and students and the surrounding communities and businesses to educate them on ways to stabilize and rebuild individual and family generational wealth and fostering long term community stability using affordable housing and community development programs”, said Ray Carlisle, Sr., President and Founder NID-HCA.