More than $1.5 million awarded to deliver homebuyer education and counseling, home equity conversion counseling, and foreclosure prevention counseling to more than 10,000 Minnesotans.
The Homeownership Education, Counseling and Training (HECAT) fund provides yearly financial support for comprehensive homebuyer training, including in-person homebuyer education and counseling, home equity conversion counseling, and foreclosure prevention counseling.
The total amount of funding available for the 2014-2015 HECAT year is $1.5 million with contributions of $859,427 from Minnesota Housing and $650,000 from the Minnesota Home Ownership Center, the Greater Minnesota Housing Fund and the Family Housing Fund. We received 39 proposals this round, requesting close to $2 million.
