Opportunity Information: Apply for FR 6700 N 90
The Fiscal Year 2023 Homeownership Initiative (HI) is a HUD discretionary grant opportunity designed to reduce the homeownership gap by increasing successful homeownership outcomes in Underserved Communities. The program funds organizations that can deliver housing counseling that is both culturally sensitive and linguistically appropriate, with the expectation that this counseling will lead to concrete results such as home purchase, mortgage origination, and, after purchase, the preservation of homeownership. The underlying idea is that well-structured counseling improves the odds that a household is genuinely prepared for the long-term legal and financial obligations of owning a home and helps ensure the mortgage terms a household accepts are appropriate for its situation rather than risky or mismatched.
Grant recipients receive Fixed Amount Awards and are expected to provide both pre-purchase and post-purchase housing counseling (either directly or through approved partner structures). Pre-purchase counseling focuses on getting prospective buyers ready to buy and to borrow responsibly. That includes building understanding of the homebuying process and the costs of ownership, but also practical readiness topics like awareness of state and local property law and navigation of homeownership assistance programs. Examples of these assistance programs include down payment and closing cost assistance, gap financing, and sweat equity options, all of which can be critical tools for households that can afford monthly payments but struggle with upfront costs.
Post-purchase counseling is aimed at preventing avoidable loss of homeownership after the sale is complete. This includes guidance on home maintenance, repair, and safety practices to protect the property and reduce long-term financial strain from deferred maintenance. It also includes counseling on mortgage relief options and related programs when households experience hardship, with the goal of preserving ownership whenever feasible. Across both phases, the program emphasizes follow-up and consistent client support, not just one-time education.
All counseling and follow-up activities funded under this opportunity must comply with HUD Housing Counseling Program requirements, specifically the regulations at 24 C.F.R. Part 214. In addition to the regulation, HUD references the HUD Housing Counseling Handbook 7610.1 and other governing policies and requirements, which collectively set standards for how counseling is delivered, documented, and managed.
Eligibility is limited. Applicants must be HUD-approved Intermediaries or HUD-approved Multi-State Organizations, as those terms are defined in 24 C.F.R. 214.3, and they must have been approved to participate in HUDs Housing Counseling Program before the NOFO publication date. State Housing Finance Agencies may also apply, but only if they have statutory authority to provide housing counseling across their state and they agree to follow the same HUD program requirements (24 C.F.R. Part 214, Handbook 7610.1, and other applicable policies). Applicants must also have experience providing both pre-purchase and post-purchase counseling, either directly or through their Subgrantees and/or Branches. HUD determines eligibility using its own records, which means applicants need to already be recognized in HUD systems as meeting the required approval status.
A key restriction in the notice is that applicants and subgrantees cannot receive this same grant funding from multiple sources, meaning the program is structured to avoid duplication of HI funding flowing to the same entities through more than one channel.
Administrative details included in the opportunity listing are as follows: the Funding Opportunity Title is Fiscal Year 2023 Homeownership Initiative, with Funding Opportunity Number FR 6700 N 90. It is a grant (Funding Instrument Type: Grant) under a discretionary opportunity category, aligned with the housing activity category (CFDA 14.022). The agency is the U.S. Department of Housing and Urban Development. The posting indicates an original closing date of 2024-04-09, an award ceiling of $3,000,000, and an expectation of roughly 30 awards. The opportunity record shows a creation date of 2024-03-05.Apply for FR 6700 N 90
- The Department of Housing and Urban Development in the housing sector is offering a public funding opportunity titled "Fiscal Year 2023 Homeownership Initiative" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 14.022.
- This funding opportunity was created on 2024-03-05.
- Applicants must submit their applications by 2024-04-09. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $3,000,000.00 in funding.
- The number of recipients for this funding is limited to 30 candidate(s).
- Eligible applicants include: Others.
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Fiscal Year 2023 Homeownership Initiative (HI) - FAQs
What is the Fiscal Year 2023 Homeownership Initiative (HI)?
The Fiscal Year 2023 Homeownership Initiative (HI) is a HUD discretionary grant opportunity intended to reduce the homeownership gap by increasing successful homeownership outcomes in Underserved Communities. It funds housing counseling that is culturally sensitive and linguistically appropriate, with an emphasis on measurable outcomes like home purchase, mortgage origination, and long-term homeownership preservation after purchase.
What is the main goal of this grant?
The main goal is to improve successful homeownership outcomes by supporting well-structured counseling and follow-up that prepares households for the legal and financial responsibilities of owning a home and helps ensure mortgage terms are appropriate rather than risky or mismatched.
Who is the federal agency offering this opportunity?
The opportunity is offered by the U.S. Department of Housing and Urban Development (HUD).
Is this a discretionary grant or a formula program?
This is a discretionary grant opportunity.
What is the funding opportunity number and title?
Title: Fiscal Year 2023 Homeownership Initiative. Funding Opportunity Number: FR 6700 N 90.
What type of funding instrument is used?
The funding instrument type is a grant.
What CFDA number and activity category does this align with?
The opportunity is aligned with housing (CFDA 14.022).
What kinds of results does HUD expect from funded counseling?
HUD expects counseling to lead to concrete outcomes such as home purchase, mortgage origination, and post-purchase preservation of homeownership (helping households avoid preventable loss of the home after buying).
What types of counseling are required under this program?
Recipients are expected to provide both pre-purchase and post-purchase housing counseling, either directly or through approved partner structures.
What does pre-purchase counseling cover?
Pre-purchase counseling focuses on preparing prospective buyers to buy a home and borrow responsibly. It includes understanding the homebuying process, the costs of ownership, and practical readiness topics such as awareness of state and local property law and navigating homeownership assistance programs.
What kinds of homeownership assistance programs may be addressed in pre-purchase counseling?
Examples include down payment and closing cost assistance, gap financing, and sweat equity options. These tools can help households that can afford monthly payments but struggle with upfront costs.
What does post-purchase counseling cover?
Post-purchase counseling focuses on preventing avoidable loss of homeownership. This includes guidance on home maintenance, repair, and safety practices, as well as counseling on mortgage relief options and related programs when households experience hardship, with the goal of preserving ownership whenever feasible.
Does the program emphasize follow-up, or is it mainly one-time education?
The program emphasizes follow-up and consistent client support across both pre-purchase and post-purchase phases, not just one-time education.
What is meant by "culturally sensitive and linguistically appropriate" counseling?
The opportunity expects funded organizations to deliver counseling tailored to the cultural context and language needs of the households served, particularly in Underserved Communities, to improve engagement and successful outcomes.
What regulations and HUD requirements govern the counseling activities?
All counseling and follow-up activities funded under this opportunity must comply with HUD Housing Counseling Program requirements, specifically 24 C.F.R. Part 214. HUD also references the HUD Housing Counseling Handbook 7610.1 and other governing policies and requirements that set standards for delivery, documentation, and program management.
Who is eligible to apply?
Eligibility is limited to HUD-approved Intermediaries or HUD-approved Multi-State Organizations, as defined in 24 C.F.R. 214.3, that were approved to participate in HUD's Housing Counseling Program before the NOFO publication date. State Housing Finance Agencies may also apply if they have statutory authority to provide housing counseling across their state and agree to follow the same HUD program requirements.
Do applicants need to be HUD-approved before applying?
Yes. Applicants must have been approved to participate in HUD's Housing Counseling Program before the NOFO publication date, and HUD determines eligibility using its own records (meaning applicants must already be recognized in HUD systems as meeting the required approval status).
Can State Housing Finance Agencies apply?
Yes, State Housing Finance Agencies may apply, but only if they have statutory authority to provide housing counseling across their state and they agree to follow 24 C.F.R. Part 214, HUD Handbook 7610.1, and other applicable HUD policies and requirements.
Is experience delivering both pre-purchase and post-purchase counseling required?
Yes. Applicants must have experience providing both pre-purchase and post-purchase counseling, either directly or through their Subgrantees and/or Branches.
Can recipients deliver services through partners?
Yes. The opportunity allows counseling to be provided either directly or through approved partner structures, and applicants may rely on Subgrantees and/or Branches to demonstrate and deliver required counseling experience and activities.
How does HUD verify eligibility?
HUD determines eligibility using its own records, so applicants need to already be recognized in HUD systems as having the required HUD approval status.
What is a key restriction related to duplicate funding?
Applicants and subgrantees cannot receive this same grant funding from multiple sources. The program is structured to avoid duplication of HI funding flowing to the same entities through more than one channel.
What type of award does HUD provide under this opportunity?
Grant recipients receive Fixed Amount Awards.
What is the award ceiling listed for this opportunity?
The award ceiling listed is $3,000,000.
How many awards does HUD expect to make?
The listing indicates an expectation of roughly 30 awards.
What was the original closing date shown in the opportunity listing?
The posting indicates an original closing date of 2024-04-09.
When was the opportunity record created?
The opportunity record shows a creation date of 2024-03-05.
What communities does this program prioritize?
The opportunity is designed to increase successful homeownership outcomes in Underserved Communities and reduce the homeownership gap.
Why does HUD emphasize counseling as a strategy for improving homeownership outcomes?
The underlying idea is that well-structured counseling improves the odds that a household is genuinely prepared for the long-term legal and financial obligations of owning a home and helps ensure the mortgage terms a household accepts are appropriate for its situation rather than risky or mismatched.
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| Funding Opportunity |
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| VA Supportive Services for Veteran Families Program Apply for VA SSVF 2025 Funding Number: VA SSVF 2025 Agency: Supportive Services for Veteran Families Category: Housing Funding Amount: $740,000,000 |
| FY23 NOFO Housing Counseling Training Grant Program Apply for FR 6700 N 30 Funding Number: FR 6700 N 30 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $2,750,000 |
| The Youth Homelessness System Improvement (YHSI) Grants Apply for FR 6700 N 96 Funding Number: FR 6700 N 96 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $2,000,000 |
| Service Coordinators in Multifamily Housing (SCMF) Discretionary Apply for FR 6700 N 74 Funding Number: FR 6700 N 74 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: Case Dependent |
| Notice of Funding Opportunity (NOFO) for the Department's Fiscal Year 2023 Comprehensive Housing Counseling Grant Program Apply for FR 6700 N 33 Funding Number: FR 6700 N 33 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $3,000,000 |
| Indian Housing Block Grant (IHBG) Competitive Grant Program Apply for FR 6700 N 48 Funding Number: FR 6700 N 48 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $7,500,000 |
| FY 2023 Section 202 Supportive Housing for the Elderly Program Apply for FR 6700 N 52 Funding Number: FR 6700 N 52 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $20,000,000 |
| FY24 Choice Neighborhoods Planning Grants NOFO Apply for FR 6800 N 38 Funding Number: FR 6800 N 38 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $500,000 |
| Foster Youth to Independence (FYI) Competitive NOFO - Fiscal Year 2024 Apply for FR 6800 N 41 Funding Number: FR 6800 N 41 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $1,700,000 |
| Capital Fund High Risk/Receivership/Substandard/Troubled Program Apply for FR 6800 N 81 Funding Number: FR 6800 N 81 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $3,000,000 |
| Housing-Related Hazards & Lead-Based Paint Capital Fund Program Apply for FR 6800 N 68 Funding Number: FR 6800 N 68 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $7,500,000 |
| Pay for Success Permanent Supportive Housing Demonstration Apply for FR 5900 N 26 Funding Number: FR 5900 N 26 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $1,300,000 |
| Juvenile Reentry Assistance Program (JRAP) Apply for FR 5900 N 09 Funding Number: FR 5900 N 09 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $100,000 |
| Choice Neighborhoods Planning Grants Program Apply for FR 5900 N 14 Funding Number: FR 5900 N 14 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $2,000,000 |
| HUD's FY 2024 and FY 2025 Community Compass Technical Assistance and Capacity Building Program Notice of Funding Opportunity (NOFO) Apply for FR 6800 N 06 Funding Number: FR 6800 N 06 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $42,500,000 |
| Community Development Block Grant Program for Indian Tribes and Alaska Native Villages Apply for FR 6800 N 23 Funding Number: FR 6800 N 23 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $5,000,000 |
| VA's Grant and Per Diem Program FY 2017 NOFA Apply for GPD NOFA FY2017 Funding Number: GPD NOFA FY2017 Agency: Homeless Providers Grant and Per Diem Program Category: Housing Funding Amount: Case Dependent |
| GPD Per Diem Only Grant Program (PDO) Apply for VA GPD PDO FY2020 Funding Number: VA GPD PDO FY2020 Agency: Homeless Providers Grant and Per Diem Program Category: Housing Funding Amount: Case Dependent |
| GPD Per Diem Only Grant Program TIP Apply for VA GPD TIP FY2020 Funding Number: VA GPD TIP FY2020 Agency: Homeless Providers Grant and Per Diem Program Category: Housing Funding Amount: $1,600,000 |
| Continuum of Care Notice Apply for CPD 2021 01 Funding Number: CPD 2021 01 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: Case Dependent |
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