Homeownership Council of America (Virtual Counselor Network)

The Homeownership Council of America (HCA) is a national nonprofit dedicated to increasing access to credit for underserved communities across the United States. As experts in community development, housing counseling, and mortgage lending, we provide technical assistance to lenders, develop innovative down payment and closing cost solutions, and offer certification and support for lenders with Special Purpose Credit Programs (SPCPs).

Underserved populations often face financial vulnerability, especially during the first five years of homeownership, due to limited savings and credit options. The Federal Reserve has found that even a small emergency expense of under $1,000 can lead to increased debt or delinquency for the average homeowner.

Our Response to California Wildfire Victims: The Rainy Day Fund

We are raising funds to support homeowners affected by the devastating California wildfires. Through the Rainy Day Fund, we aim to provide immediate financial assistance to help borrowers navigate life’s unexpected challenges and stay on track with their mortgage payments.

Eligible homeowners can apply for up to $4,500 in assistance for hardships such as:

Medical emergencies (for borrowers or dependents)

Death of a borrower

Job loss or significant reduction in income

Loss of transportation affecting the ability to work

To qualify, beneficiaries must remain current on their mortgage and complete a housing counseling session with one of HCA's partner HUD-Approved Housing Counseling Agencies.

Your contribution can make a significant impact, helping families stay in their homes during these challenging times. Support our mission and stand with California wildfire victims today.

HCA is a national nonprofit organization with a mission to build more access to credit for America’s underserved communities. We are industry experts in community development, housing counseling, and mortgage lending whose shared passions deliver TA for lenders, innovative downpayment and closing cost product solutions, and certification & supports for lenders with Special Purpose Credit Programs.

Underserved populations that are assisted with DPA, CRA, SPCP, and other portfolio program solutions, also have less savings and credit options during their first 5 years of homeownership, making them vulnerable to delinquency or default due life events. The Federal Reserve studied American households and found that even a fairly minor emergency expense under $1,000 can send the average homeowner into more debt or delinquency.

Our Solution: Rainy Day Fund

Funds to help borrowers get through life’s rainy days and avoid being late on their mortgage.

Benefitting borrowers will be invited through lender partners or HCA and may apply for assistance up to $4,500 for qualifying hardships that include:

Beneficiaries must stay current on their mortgage and complete a housing counseling session with one of HCA's partner HUD-Approved Housing Counseling Agencies.