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The HUD grants are part of almost $73 million in nationwide housing counseling grants to more than 500 national, regional and local organizations. The grant represent an increase of about $13 million, or 22 percent higher, than last year’s funding level. The grants are part of the Obama Administration’s efforts to help families find decent housing and prevent future foreclosures.

“Front-line” help

“These organizations are on the front lines of helping families who are desperate to remain in their homes,” said HUD Secretary Shaun Donovan. “Now, more than ever, it’s crucial that we support these agencies that are working with struggling families on a one-to-one basis to manage their money, navigate the home-buying process, and secure their financial futures.”

Housing counseling grants will assist families in becoming first-time homeowners and remaining homeowners after their purchase. HUD-approved counseling agencies not only provide homeownership counseling, but also offer financial literacy training to renters and homeless individuals and families.

Foreclosure prevention crucial

“Now, more than ever, it is crucial that Americans better understand how to manage their money, navigate the home-buying process, and secure their financial future.” added Donovan. “This critical funding will help counseling organizations continue to assist families in making more informed choices before they purchase a home and counsel families facing foreclosure.”

In Colorado, the distribution of the $689,999 in grants includes: