One of Western North Carolina's leading providers of housing counseling may see its federal HUD funding cut, on technical grounds.
On October 15, 2008 the US Department of Housing & Urban Development (HUD) declined the 2008-09 grant application from OnTrack Financial Education & Counseling. Based out of Asheville, On Track had been hoping for a $135,000 grant. This grant would have gone to provide services for foreclosure prevention counseling, reverse mortgage counseling for elderly homeowners, and homebuyer education for WNC.
OnTrack has been a HUD approved housing counseling agency since 1979. OnTrack points out that technical difficulties caused OnTrack's application to not successfully upload to HUD's grant website on the July 9th deadline. For over four months, they have worked to make amends. Their application was denied, nonetheless.
This is frustrating. Foreclosures are a problem undermining our economy. Counseling works to ameliorate bad situations and prevent new problems before they arise in the first place. Counseling is cost-efficient.