The National Foundation for Credit Counseling (NFCC), headquartered in Silver Spring, Md., has received a $15 million grant as part of $130 million in federally appropriated funds awarded through NeighborWorks America's National Foreclosure Mitigation Counseling Program to organizations to provide counseling to families and individuals facing the threat of foreclosure.
Approved by Congress in the FY08 Consolidated Appropriations Bill, the National Foreclosure Mitigation Counseling Program is administered through a competitive application process by NeighborWorks America, within guidelines defined by congressional legislation, the organization explains.
‘The NFCC is not only thankful to the administration and Congress for recognizing the need and appropriating the money to fund much-needed housing counseling, but to NeighborWorks America for facilitating such an important grant program that will help many struggling families facing foreclosure,’ states Susan C. Keating, president and CEO of the NFCC.
