How Housing Counselors Help Prevent Foreclosures 🏡

The National Foreclosure Mitigation Counseling (NFMC) Program was launched in December 2007 with funds appropriated by Congress to address the nationwide foreclosure crisis by dramatically increasing the availability of housing counseling for families at risk of foreclosure. NeighborWorks America distributes funds to competitively selected grantee organizations, which in turn provide the counseling services, either directly or through sub-grantee organizations. Grants are also being made to fund legal assistance to homeowners and to train foreclosure counselors. More than 1,700 counseling agencies operate under the program.