NCUF Seeks Partners For Moderate IncomeHomebuyers Counseling

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WASHINGTON - (03/15/06) – The National CU Foundation iscalling on interested credit unions to apply with it for federalgrant money to develop counseling for moderate- and low-incomefirst-time homebuyers. Last year, the Department of Housing andUrban Development granted the Foundation $701,000, which it used tohelp fund 11 counseling programs for first-time homebuyers. TheFoundation is accepting applications from interested credit unionsand related organizations until April 7, so that it may complete anapplication to HUD for the funding. Grant awards are used by creditunions and related organizations to pay salaries and benefits ofstaff to work on housing counseling programs.

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