Nearly $77,000 is coming to Vermont from the U.S. Department of Housing and Urban Development (HUD) to help families find decent housing and to prevent future foreclosures.
The Central Vermont Community Action Council in Barre and Bennington-Rutland Opportunity Council in Rutland will share $76,882.73 in HUD grants.
"These organizations are on the front lines of helping families who are desperate to remain in their homes," said HUD Sec. Shaun Donovan. "Now, more than ever, it’s crucial that we support these agencies that are working with struggling families on a one-to-one basis to manage their money, navigate the homebuying process, and secure their financial futures."
The grants will assist families in becoming first-time homeowners and remaining homeowners after their purchase. HUD-approved counseling agencies provide homeownership counseling, and offer financial literacy training to renters and homeless individuals and families.
Vermont's grants are part of $73 million HUD allocated nationwide.