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KHC Receives HUD Housing Grant
Federal housing officials have awarded grants aimed at helping Kentuckians with their housing needs and preventing foreclosure. The U.S. Department of Housing and Urban Development (HUD) says the $241,866 in grants will support five housing counseling organizations in Kentucky.
The bulk of the money, $195,558, will go to Kentucky Housing Corporation (KHC), with the remaining funds going to two groups in Bowling Green and programs in Campbellsville and Gray.
HUD says the housing counseling grants will help people make more informed housing choices or help people keep their current homes. Regional agencies distribute much of the grant funding to community-based organizations that assist low- and moderate-income families to improve their housing conditions.
For more information, please read full article by the Associated Press.
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Scam Alert
The Better Business Bureau (BBB) recently sent out a scam alert, warning partners to watch out for "scams that entice student loan holders by promising to erase their debt."
This and other scam alerts may be found on BBB's website.
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Counseling Manuals
KHC's commitment to reimburse its approved housing counseling agencies for the cost of home buyer education manuals by NeighborWorks America, "Realizing the American Dream and Keeping the American Dream." Agencies will continue to order directly through NeighborWorks America and email a copy of the paid invoice to shillard@kyhousing.org for reimbursement.
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Credit Score Update
Update from the Consumer Financial Protection Bureau (CFPB) regarding credit scores and reports through nonprofit counselors:
"Nonprofit organizations that offer credit counseling, housing counseling, and other financial counseling services buy credit reports and scores for the consumers they serve. These reports and scores help counselors engage in constructive conversations with their clients about steps the clients can take to improve their financial situation. Millions of consumers will now be able to receive the credit scores and credit reports that nonprofit credit counselors purchase on their behalf."
Read the full article by the CFPB.
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Class Schedules
Please continue to send in class schedules to be added to KHC's website, under Home Buyers, Housing Counseling and Education. This is a useful tool for anyone looking for homeownership education. Monthly class schedules should be emailed to bshelton@kyhousing.org.
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