The Housing and Urban Development Department (HUD) is doling out $42 million in federal funding for housing counseling grants to 468 local, regional, and national organizations. Intended to prevent foreclosures and assist new home buyers, the grants will offer free assistance on foreclosure avoidance as well as educate buyers on how to rent or purchase a home. HUD alleges that beneficiaries of these services will help combat predatory lending practices, because buyers will be equipped with information to help them evade mortgage scams, high interest rates, and unreasonably high appraisals.
Friday, March 23, 2012
HUD Grant Program Awards Millions of Dollars to Leftist Groups
The New American reports:
