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Homeownership Preservation Foundation Receives $1M HUD Grant

The ""Homeownership Preservation Foundation"":http://www.995hope.org (HPF) is the sole recipient of a $1 million Mortgage Modification and Mortgage Scam Assistance (MMSA) grant from ""HUD"":http://www.hud.gov.

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HPF is an independent national nonprofit that administers the Homeowner's HOPE Hotline (1-888-995-HOPE), which provides free financial education and foreclosure prevention counseling to homeowners.

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The grant will enable HPF to continue as the primary ""call to action"" for HUD's anti-scam campaign to assist victims as well as educate and warn distressed homeowners about foreclosure prevention and loan modification scammers.

""HPF and the Homeowner's HOPE Hotline are central points of contact that homeowners in the U.S. rely on for trusted, confidential, independent information and guidance for foreclosure prevention and mortgage scam assistance,"" said Colleen Hernandez, CEO of HPF.

Hernandez continued, ""We're honored that HPF's quality counseling services are recognized once again by HUD as the caliber it expects and an integral part of the solution in guiding consumers on the path toward sustainable homeownership and playing a critical role aiding the nation's housing recovery.""

HPF was also awarded a separate $1.72 million HUD Comprehensive Housing Counseling (COMP) grant. HUD awards annual grants under the housing counseling program. Organizations applying for grants must be HUD-approved and are subject to performance reviews to maintain their HUD-approved status.

About Author: Heather Cernoch

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