May 2024—The Louisiana Housing Corporation (LHC) received $502,990 in federal funding from the Biden-Harris Administration to continue its housing counseling services to help underserved communities and bridge the racial homeownership gap.
The Biden-Harris administration recognized the crucial role housing counseling agencies have in expanding homeownership in the U.S. As part of this initiative, LHC received a portion of the nearly $40M, ensuring the continuation of its vital homebuyer counseling services and that of other agencies across the state.
Homebuyer Counseling provides education on household budgets, saving for a down payment and other expenses for necessary homeownership preparation, and an understanding of low-interest loans. LHC and other agencies offer these courses multiple times a month, some are in-person or virtual. To sign up for one of LHC's courses, please look under LHC's events page.
"At the Louisiana Housing Corporation, we are committed to providing essential housing guidance on a range of topics, including home budgeting and financial education, foreclosure prevention, renting responsibilities, and credit score management," said LHC Executive Director Marjorianna Willman. "With this significant funding, we are able to continue our services, helping more individuals and families find safe, affordable, and energy-efficient housing."
According to the U.S. Department of Housing and Urban Development (HUD), the funds can be used for counseling services, including financial management and literacy, homeownership, and affordable rental housing.
To learn more about the award, please visit HUD's website.