Piedmont Housing Alliance Partners with BB&T to Provide Housing and Financial Counseling Services
We’re happy to announce a partnership with BB&T to help provide residents in the Thomas Jefferson Planning District with free housing and financial counseling services. A recent $5,000 grant from the bank will support Piedmont Housing Alliance’s Counseling and Asset-Building programming for low-income families in this high-cost housing area.
We are very grateful for this support. The funding will enable us to work with clients to improve credit scores, purchase a home, and avoid foreclosure. We also work 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.
Specifically, the grant supports Piedmont Housing Alliance’s Housing Counseling program that helps clients with very low to moderate incomes to maintain or improve their housing within a budget that also can support other basic needs and improve family economic stability. 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.