Why Should You Consider Becoming our Sub-grantee
As an organization deeply committed to your community, you are uniquely equipped to meet the demands of the current housing industry by increasing homeownership or assisting those at risk of foreclosure by becoming a HUD-Approved Housing Counseling Agency thru Nueva Esperanza, Inc. (NEI).
Becoming a HUD-Approved Housing Counseling Agency thru NEI offers your organization a couple of important advantages. HUD approval is required to apply to HUD’s $40 million Housing Counseling Grant Program, and it gives you credibility in your community with partners, lenders, and the families you serve in your community.
Becoming a HUD-Approved Housing Counseling Agency can be achieved through the following BASIC STEPS:
- Have a 501(C) (3) Tax Exempt Status
- Experience. Evaluate your present program structure. You must have a record of accomplishment of running a successful housing counselling program for at least one year to be HUD-approved thru NEI.
- Resources. The agency must have evidence of: a) other finding to cover one year of the cost of operating the housing counseling work during the initial period of NEI approval participation; b) a Counselor.
- Housing Counseling Work Plan. Develop a clear, concise and comprehensive housing counseling and education program. Identify the services you will offer, the needs of the community you will be serving, and the ways you will reach potential clients. Describe anticipated results (outcomes) to achieve within the period of initial approval.
- Community Resources. Demonstrate that the agency has established working relationships with private and public community resources to which it can refer clients who need help the agency cannot offer.
- State and Local Requirements. Agency has to meet all the state and local requirements for its operation.
- Facilities. a) Agency have a clearly and properly identified office, with privacy for in-person counseling space available for the housing services. There must be permanent signage identifying the housing counseling office; b) The office should operate during normal business hours; c) Provide accessibility features or make alternate accommodations for persons with disabilities.