ANNOUNCEMENTS

• NEW! NeighborWorks America Competes a Third Round of NFMC Counseling Funds
  A third round of NFMC Counseling Funds will be competed this summer, with awards announced on or before September 30, 2009. By Statute, eligible applicants are HUD-Approved Housing Counseling Intermediaries, State Housing Finance Agencies, and NeighborWorks organizations with demonstrated experience in foreclosure counseling. For more information, please review the Round 3 NFMC Counseling Funds section of this web page.
  
  
• NEW! NeighborWorks America Submits NFMC Congressional Update
  NeighborWorks America is pleased to report that the National Foreclosure Mitigation Counseling (NFMC) Program continues to help homeowners facing foreclosure by providing them with much needed loss mitigation counseling. As of May 31, 2009, the program has provided 405,172 struggling homeowners with foreclosure prevention counseling. On June 2, NeighborWorks America released its third report to Congress on NFMC Program activity. See more details and download the report in the Congressional Reports section
  

• Videos, presentations and other resources are available from two workshops NFMC hosted for Grantees and Sub-grantees at the NeighborWorks Training Institute held in Washington, DC in December 2008. One workshop provided an opportunity for participants to hear from lenders on their recent loan modification programs, and the other workshop was a forum to ask NFMC staff any questions regarding the program. View resources.
  

New!  ROUND 3 NFMC COUNSELING FUNDS

On March 11, 2009, President Obama signed the Omnibus Appropriations Act of 2009 (Public Law 111-8) which appropriates $50 million to NeighborWorks America to continue the National Foreclosure Mitigation Counseling Program. This appropriation provides funds for foreclosure counseling, training for foreclosure counselors, and administrative expenses associated with running the NFMC program. View an excerpt from the statute for additional details.

New!   FUNDING ANNOUNCEMENT AND APPLICATION QUESTIONS

• Legislation governing  NFMC Round 3 funds (updated 6/25/2009)
• Round 3 Funding Announcement (updated 6/25/2009)
• Full Application Questions for Intermediaries and Housing Finance Agencies (updated 6/25/2009)
• Full Application Questions for NeighborWorks Organizations (updated 6/25/2009)
• Streamlined Application Questions for all qualifying Applicants (updated 6/25/2009)
  Applicants that qualify to complete the streamlined application must meet one of the following criteria. They must either have received Round 1 funds only and have completed the Round 1 final report on or before July 15, 2009 OR have received Round 2 funds and have completed 25 percent of its Round 2 counseling award (in dollars, not units) on or before July 10, 2009. Applicants not fitting either of these criteria can still apply, but must submit the full application.

New! ELIGIBLE APPLICANT BRIEFINGS WERE HELD ON JUNE 25 and 26, 2009

HFA and Intermediary Eligible Applicant Briefing, June 25:

• HFA and Intermediary Eligible Applicant Briefing - Power Point Presentation
• Streaming Recording of Briefing ( 79 minutes)   
• Downloadable Recording of Briefing ( 79 minutes)

NWO Eligible Applicant Briefing, June 25:

• NWO Eligible Applicant Briefing – Power Point Presentation
• Streaming Recording of Briefing ( 74 minutes)
• Downloadable Recording of Briefing ( 74 minutes)

First-Time NFMC Applicant Briefing, June 26:

• First-time Applicant Briefing – Power Point Presentation
• Streaming Recording of Briefing ( 103 minutes)
• Downloadable Recording of Briefing ( 103 minutes) 

New!  PROGRAM DETAILS AND REQUIREMENTS

• Eligible Applicants are State Housing Finance Agencies, HUD-Approved Housing Counseling Intermediaries, and NeighborWorks Organizations with demonstrated experience in foreclosure counseling.  Local Housing Counseling agencies cannot apply directly but can receive sub-grants from State Housing Finance Agencies and/or HUD-Approved Housing Counseling Intermediaries.  Individual homeowners cannot apply directly but can find a foreclosure counselor at www.findaforeclosurecounselor.org. 
• Areas of Greatest Need for Round 3 Funding (updated 6/25/2009)
• Zip codes that are majority low-income and majority minority (updated 6/25/2009)  
• National Industry Foreclosure Counseling Standards [PDF, 115KB]
• Client-level Data Points Required for NFMC Round 3 (updated 6/25/2009)  
• Quarterly Report Questions for NFMC Round 3 (updated 6/25/2009) (Subject to change)
• Guidance of Valuing In-kind Match (updated 6/25/2009)   
• Projected Grant Timeline (updated 6/25/2009)

New!  FORMS

• Application Data Collection Forms for NWOs (updated 6/25/2009)
• Application Data Collection Forms for State HFAs or HUD-Approved Housing Counseling Intermediaries
• Application Data Collection Forms for Streamlined Application (all applicants) (updated 6/25/2009)
• Match Waiver Request – Smaller than County Level (updated 6/25/2009)   
• Sample Disclosure Letter [doc, 40 KB]  (updated 6/25/2009)   
• Sample Third Party Authorization Form [doc, 35 KB]   (updated 6/25/2009)  

CONTACT INFORMATION

For more information about the National Foreclosure Mitigation Counseling Program,
call 202-220-6314, or email nfmc@nw.org.