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Guidewell Financial Solutions expands programs with $398K HUD grant
Listen to this articleGuidewell Financial Solutions has been awarded $398,200 by the U.S. Department of Housing and Urban Development to provide education and counseling in Maryland and eight other states, an increase in funding of nearly 15 times from 2017.
HUD now recognizes the Catonsville-based nonprofit’s growth as an approved provider with the grant, a sizeable increase from the $27,000 it received a year ago as a subgrantee.
Guidewell has steadily expanded first-time homeownership programs, adding branch locations in Maryland, California, Delaware, Florida, New Jersey, Pennsylvania and Virginia. Partnerships with Consumer Education Services Inc. and TakeCharge America reach consumers in North Carolina and Arizona. The agency’s call center infrastructure has greatly increased its capacity to provide counseling, and the addition of staff with industry experience and expertise has improved service quality.
For the past 50 years, Guidewell has helped consumers understand where their money is going and empowered them through education to make a realistic budget, pay down debt and achieve their goals. Approved in July 2018 as a HUD National Intermediary, Guidewell provides housing counseling to include pre-purchase/homebuying, home maintenance/post-purchase, foreclosure prevention, rental, reverse mortgage and HECM default counseling, as well as in-person and online homebuyer workshops.
