The Urban League of Greater Atlanta’s Housing and Community Development Program is an approved counseling agency of the US Department of Housing and Urban Development (HUD). The program provides several types of housing counseling services to the general public. Counseling sessions focus on financial preparedness and mortgage readiness, and other areas applicable to obtaining, and maintaining safe homeownership. Clients are invited to attend a monthly first-time homebuyer’s education workshop, conducted by the certified housing counselor of the Urban League of Greater Atlanta’s housing department. Other subject matter experts that participate include bankers, mortgage lenders, realtors, home inspectors, down payment assistance programs, home maintenance experts and more.
The objectives of the program are to:
- Expand and increase homeownership opportunities for families and individuals,
- Improve access to affordable housing
- Preserve homeownership through education and empowerment of homeowners.
Our housing counselors provide guidance and information to help families and individuals improve their housing conditions and meet the responsibilities of tenancy and homeownership. We assist in helping prospective homebuyers avoid inflated appraisals, unreasonably high interest rates, unaffordable repayment terms, and other conditions that can result in a loss of equity, increased debt, default, and eventually foreclosure.
Another primary focus is preventing and/or resolving mortgage delinquency; preventing foreclosure- with a primary objective to preserve homeownership. Counselors help existing homeowners address their needs and navigate the many options regarding refinancing. Counselors may also provide assistance to the homeless and rents in distress to help them secure permanent, safe and affordable housing, as well as provide supportive housing services to meet the needs of the elderly and disabled.
A retired coupled had exhausted all of their saviings due to the downturn in the economy . They both found themselves without the income to cover their monthly mortgage payment. The couple contacted The Urban League for assistance when they were one month behind on their mortgage. Their total monthly net income is $3227 and their mortgage payment was $2229. The ULGA Housing Counselor’s efforts resulted in the couple being approved by their mortgage lender for a loan modification making their new monthly payment $1095; a savings of $11134
2012-2013 Impact Stats
- 15 Homebuyer workshops; 720 attendees
- Clients served 946
- 210 1 on 1 counseling sessions
- 108 Loss Mitigation packages submitted to servicers
- 76 modifications approved