The U.S. Department of Housing and Urban Development, or HUD, announced $ 42 million in grants today to hundreds of groups throughout the country, intended to prevent future foreclosures. A West Sacramento non-profit is getting $700,000 of that money.
"We were pretty excited and the award was actually bigger than we applied for,” says Stan Keasling with the Rural Community Assistance Corporation.
The group provides financial resources to tribal organizations, farmworkers and other groups in about a dozen western states. He says the new money will help ensure homeowners are responsible.
"And that people have better knowledge about what's affordable for them,” says Keasling. “I mean many people got into loans that they never really could afford. And a whole bunch of what housing counseling is about is trying to keep people from making those mistakes."
HUD is also awarding grants to non-profits in Vacaville, Stanislaus County and Modesto.
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.
