Technical Assistance and Training Opportunity
for HUD-Certified Agencies Seeking to Provide Counseling
for HECM Borrowers in Default
for Non-Payment of Property Taxes and Homeowners Insurance
Since 2015, HUD has been stepping up enforcement measures against HECM borrowers who have failed to meet their obligations under the loan – specifically by failing to pay their property taxes and/or homeowner’s insurance on their own. If the borrowers cannot repay amounts advanced by their mortgage servicers for unpaid taxes and/or insurance, they face loss of their home. Nationally, there are very few housing counseling resources available to assist these older homeowners.
Thanks to a generous grant from the Retirement Research Foundation, Housing Options Provided for the Elderly (HOPE, Inc.), a HUD-certified national intermediary with over 20 years of experience providing HECM counseling to senior homeowners, is offering Technical Assistance and Training to HUD-approved agencies (and their counselors) to learn more about HECM Property Charge Loss Mitigation (PCLM) Counseling.
HOPE, through its Senior Homeownership Preservation Project (SHOPP) is able to provide free Technical Assistance to ten agencies and their counselors to either create or expand their program services to assist borrowers in default or at risk of default on their HECM loans and help these seniors preserve their most valuable asset. Agencies may enroll multiple counselors to receive the TA. Participating counselors should expect to spend 15-20 hours on this project. Agencies that receive the TA will have the opportunity to work with experienced national HECM trainers to learn to provide this important service and position themselves to pursue additional future funding opportunities to pay for it.
Technical Assistance could include design of intake protocols and forms, “shadowing” counseling sessions with clients and their mortgage servicers, assistance with individual cases, and assistance in developing client forms such as sample hardship letters, and templates for physician letters, action plans and budgets. The goal would be to provide the counselors and their respective agencies the tools they need to assist individual borrowers at risk and, to expand the resources available to these borrowers at a national level.
Agencies interested in participating in this program should complete the attached application and submit it to email@example.com no later than 6:00pm CST Friday May 24, 2019.
Please contact Brenda Grauer, SHOPP Project Director at (773) 262-7801 or firstname.lastname@example.org with any questions or for additional information.
All applicants will be notified whether they were selected for the program by May 28, 2019. TA training/services will begin no later than June 3, 2019 and will be available through December 31, 2019.
If you’d like us to let you know when another training event will be scheduled, please complete the form below.
Training Mailing List Form