[NFEC Update] U.S. Department of the Treasury Update

[Adrianne Brave Heart]

Through a new Financial Education and Counseling Pilot Program, the U.S.
Department of the Treasury's Community Development Financial
Institutions Fund will provide grants to Eligible Organizations to
enable them to provide a range of financial education and counseling
services to prospective homebuyers, with the goals of: 

 

*	increasing the financial knowledge and decision-making
capabilities of prospective homebuyers; 

 

*	assisting prospective homebuyers to develop monthly budgets,
build personal savings, finance or plan for major purchases, reduce
their debt, improve their financial stability, and set and reach their
financial goals; 

 

*	helping prospective homebuyers to improve their credit scores by
understanding the relationship between their credit histories and their
credit scores; and 

 

*	educating prospective homebuyers about the options available to
build savings for short- and long-term goals. 

 

To be eligible to apply for funding, the applicant entity must be a
certified CDFI, a U.S. Department of Housing and Urban Development (HUD)
approved Housing Counseling Agency, a Credit Union, a governmental
entity (State government, Local government or Tribal government), or a
collaborative effort of two or more such entities. 

 

The FEC Pilot Program application deadline is 5:00 PM Eastern Time on
November 17, 2009.   

 

For more information, please visit: 

 

http://www.cdfifund.gov/what_we_do/programs_id.asp?programID=8 

 

  

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