HUD Announces $15 Million to Help Older Americans Age in Place
Great news for senior borrowers! The U.S. Department of Housing and Urban Development (HUD) will distribute $15 million to local non-profit organizations and state and local governments to help low-income elderly homeowners pay for home modifications that will help them age in place.
Read the full press release here and keep an eye out for the list of organizations in your states that received funding so you can share it with your senior borrowers who may want to take advantage of the program.
Find out more about reverse mortgage options on the Plaza Home Mortgage® website, and reach out to us at Reverse@plazahomemortgage.com. Let’s explore adding this strategy as another option for your borrowers and your business.
