Bank of America to Provide Funds for Piedmont Housing Alliance Housing and Financial Counseling Services
Piedmont Housing Alliance has received $9,000 from Bank of America to provide free housing and financial counseling services. The funds will support the nonprofit’s Housing Counseling and Asset-Building programming for low-income families in the Thomas Jefferson Planning District.
Members of the Bank of America team know what a difference good housing counseling makes in a community. We appreciate their investment in our work and in the community in which we all live. The $9,000 grant will enable us to work with clients to improve credit scores, purchase a home, and avoid foreclosure. We will also be able to connect clients with asset-building resources such as down payment assistance for home ownership and the Virginia Individual Development Account (VIDA) matched savings program.
Bank of America is one of several financial partners that support Piedmont Housing Alliance’s Housing Counseling program to help clients with very low to moderate incomes maintain or improve their housing situation. Certified housing counselors educate and coach clients on financial management, credit improvement, home purchase, and foreclosure prevention. The program, which serves approximately 300 new clients in one-on-one counseling and education each year in addition to ongoing clients, improves families lives and builds a stronger community by helping families get control of their household budget, walking them through the steps of becoming first time home buyers, keeping them from foreclosure, and securing a more stable financial future.