Sec. 3. Funding for housing counseling services
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There is authorized to be appropriated to the Neighborhood Reinvestment Corporation (in this section referred to as the Corporation ) established under the Neighborhood Reinvestment Corporation Act ( 42 U.S.C. 8101 et seq.) $700,000,000 for fiscal year 2020 for assistance under section 106 of the Housing and Urban Development Act of 1968 ( 12 U.S.C. 1701x ) for housing counseling services, which shall remain available until September 30, 2023. Of any amounts made available pursuant to subsection (a), not less than 40 percent shall be provided to counseling organizations that target counseling services regarding loss mitigation to minority and low-income homeowners, renters, individuals experiencing homelessness, and individuals at risk of homelessness or provide such services in neighborhoods with high concentrations of minority and low-income homeowners, renters, individuals experiencing homelessness, and individuals at risk of homelessness.
Amounts made available pursuant to subsection
(a)may be used in such amounts as the Corporation determines for costs of— public education and outreach; direct services, including the full range of services provided by housing counselors to assist homeowners, renters, individuals experiencing homelessness, and individuals at risk of homelessness, including the practices, tools, and innovations in foreclosure mitigation that were utilized in the National Foreclosure Mitigation Counseling Program, and financial capability, credit counseling, homeless counseling, and rental counseling; equipment and technology, including broadband internet and equipment upgrades needed to ensure timely and effective service delivery; and training, including capacitating housing counseling staff in various modes of counseling, including rental and foreclosure, delivery of remote counseling utilizing improved technology, enhanced network security, and supportive options for the delivery of client services; all of which may be billed as direct costs. The Corporation shall disburse all amounts made available pursuant to subsection
(a)as expeditiously as possible, through grants to housing counseling intermediaries approved by the Department of Housing and Urban Development, State housing finance agencies, and NeighborWorks organizations. The aggregate amount provided to NeighborWorks organizations shall not exceed 15 percent of the total amounts made available pursuant to subsection (a).
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