The Mortgage Grant Fund grant program (MGF) awards funds to organizations that either directly provide financial education to consumers relating to mortgage loans, or that train other organizations to provide financial education to consumers relating to mortgage loans.
Donor Name: Department of Savings and Mortgage Lending
State: Texas
County: All Counties
Type of Grant: Grant
Deadline: 11/30/2022
Size of the Grant: $5,000 to $100,000
Details
Program Objectives
To qualify, an applicant program’s objectives must accomplish the following goals.
- Offer, to consumers, financial educational services or programs (for minimal or no cost) relating to mortgage loans, or provide training to other organizations that do the same
- Support the mortgage financial education community
- Support financial education, literacy, and capability that lead to tangible improvements in financial health, enabling the consumer to obtain and maintain a mortgage loan
- Identify tools to track, monitor, evaluate, and report on success and performance measures
- Track and report participant demographic information
- Demonstrate evidence of the ability to effectively administer funds and implement programs efficiently
- Demonstrate how grant funds will be used, within program guidelines, to provide or support consumer financial education relating to mortgage loans
- Demonstrate sustainability after grant funding is discontinued
- Provide clearly defined and achievable goals and activities as well as progress indicators
Priorities
- Offer, to consumers, financial educational services or programs (for minimal or no cost) relating to mortgage loans, or provide training to other organizations that do the same
- Support the mortgage financial education community
- Identify tools to track, monitor, evaluate, and report on success and performance
- Track and report participants’ demographic information
- Demonstrate evidence of the ability to effectively administer funds and to implement programs efficiently
- Demonstrate how grant funds will be used, within program guidelines, to provide or support consumer financial education relating to mortgage loans
- Demonstrate sustainability after grant funding is discontinued
- Provide clearly defined and achievable goals and activities as well as progress indicators
Eligibility Criteria
Grant Information
Grants range from $5,000 to $100,000.
Organizations eligible to apply are auxiliary mortgage loan activity companies registered with the Department under Texas Finance Code Chapter 156; other non-profit organizations (including governmental organizations); and for-profit entities. If the organization is a for-profit entity, the program must have a statewide impact.
For more information, visit Mortgage Grant.
