Section Highlights

NFMC Round 7 Counseling Funds

On April 15, 2013, NeighborWorks America announced that $70.1 million has been awarded to 30 state housing finance agencies (HFAs), 17 HUD-approved housing counseling intermediaries, and 72 community-based NeighborWorks organizations to provide counseling to families and individuals facing the threat of foreclosure. Just one month after the seventh round of National Foreclosure Mitigation Counseling (NFMC) Program funds were appropriated; communities across our country will be able to put the funds to immediate use.

View a list of NFMC Round 7 Grantees by award amount or by state.

Demand for these funds far exceeded the amount of funding available; eligible applicants requested over $105 million in NFMC grant funds. In total, more than 1,200 nonprofit counseling agencies and local NeighborWorks organizations across the country are expected to be engaged in the NFMC Program as a result of these awards. To date, more than 1,560,000 families in all 50 states, Puerto Rico and Guam have received foreclosure counseling through the NFMC Program. It is estimated that nearly 193,000 families facing the threat of foreclosure will be directly assisted with this seventh round of funding. Many more will be helped by the training of foreclosure counselors, provided through the NFMC Program. NeighborWorks expects to train about 2,000 counselors with the seventh round of NFMC funding.

Round 7 Award Information

NFMC Round 7 Program Details and Requirements

Required NFMC Round 7 Start-up Documentation

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