Closed · FR-6700-N-90 · CFDA 14.022 · Discretionary
Fiscal Year 2023 Homeownership Initiative
Federal grant opportunity posted by Department of Housing and Urban Development, cataloged on Grants.gov.
- $1-$3M
- Award range
- Closed
- Status
- April 9, 2024
- Close date
- 30
- Expected awards
The verdict
Fiscal Year 2023 Homeownership Initiative is a closed discretionary listing from Department of Housing and Urban Development that offered $1 -- $3,000,000 across 30 expected awards. Future funding cycles may be published under the same CFDA number.
- $1-$3M
- award range
- Closed
- application status
- 30
- expected awards
- 14.022
- CFDA program
Opportunity snapshot. This Grants.gov announcement - Fiscal Year 2023 Homeownership Initiative - is cataloged under number FR-6700-N-90 and tied to CFDA assistance listing 14.022, posted by Department of Housing and Urban Development. Grants.gov currently shows the opportunity as closed, first posted on March 5, 2024 and last updated on March 19, 2024. The funding category is Discretionary, delivered as a grant.
Award economics. The award range on file is $1 -- $3,000,000. The agency has projected $10.0 million in total estimated funding for this announcement. It expects to issue 30 awards. If the agency funds the expected 30 awards from the $10.0 million estimated pool, the average award works out to roughly $333,000. Cost sharing is not required, so applicants do not need to commit matching funds to be competitive on this opportunity. Federal award ranges are often upper bounds; actual allocations reflect program appropriations, the strength of the applicant pool, and the evaluation committee's scoring.
Deadline and action path. This opportunity closed on April 9, 2024. Future funding cycles may be published under the same CFDA number, so monitoring the parent program page is the most reliable way to catch re-announcements. Every Grants.gov submission requires an active SAM.gov registration and a Unique Entity ID. Review the Eligibility section below carefully, federal eligibility categories (nonprofit, state or local government, tribal, individual, educational institution, small business) have distinct registration and reporting requirements. Pre-application outreach to the listed agency contact is permitted and often welcomed, it helps clarify scope and scoring priorities. Before acting on the deadline or award figures above, verify them directly on the official Grants.gov listing, amendments can change dates and amounts after this page was last refreshed.
Award Range
$1 -- $3,000,000
Close Date
April 9, 2024
Posted
March 5, 2024
Est. Total Funding
$10,000,000
Expected Awards
30
Instrument
Grant
Description
The Homeownership Initiative (HI) helps to bridge the homeownership gap by increasing homeownership rates among Underserved Communities. HUD-approved Intermediaries, Multi-State Organizations, and State Housing Finance Agencies will receive Fixed Amount Awards to provide Culturally Sensitive, Linguistically Appropriate Housing Counseling that results in home purchase, mortgage origination, and preservation of ownership. The purpose of this housing counseling is to improve the likelihood that a household is ready for the long-term legal and financial responsibility of homeownership and that terms and conditions of a mortgage are well-matched with the household’s personal and financial circumstances. The scope of pre-purchase counseling includes awareness of state and local property law and homeownership assistance programs, such as down payment and closing cost assistance, gap financing, and sweat equity. The scope of post-purchase counseling includes home maintenance, repair, and safety to preserve the property and mortgage relief programs to preserve ownership where feasible. All counseling and follow-up must be provided in accordance with the Housing Counseling Program regulations (24 C.F.R. Part 214).
Eligibility
Grants.gov lists this opportunity under eligibility category code 25. These codes correspond to applicant types (state/local government, tribal organization, nonprofit, educational institution, individual, small business, etc.) defined in Grants.gov's own eligibility reference. See the current Grants.gov eligibility categories or check the official listing below for this opportunity's exact eligibility statement.
Official Listing on Grants.gov
View full details, application forms, and submission instructions.
Agency Contact
Melissa Noe
Key Dates
Frequently Asked Questions
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Disclaimer: This information is sourced from Grants.gov and SAM.gov and is for informational purposes only. Opportunity details, deadlines, and eligibility requirements change frequently. Always verify current information directly on Grants.gov before applying. PlainGrants is not affiliated with any federal agency.
Read our methodology - how this data is sourced, computed, and verified.
Related
| Publisher | PlainGrants |
| Sources | the SAM.gov Assistance Listings and Grants.gov |