Gifts Program

Home Grants Program up to 10000

this is a non-repayable grants/gifts program available to first-time homeowners to cover down payment and closing costs. Also provided are free Homebuyer Education Courses, free Balanced Budget Spending Plans, free Credit Counseling Services as well as Post Purchase and Homeownership Maintenance Counseling to any resident in North Carolina. Income is not a limiting factor; however, all applicants are required to take the two educational courses provided by Home Grants. In order for a grant recipient to use Home Grants’ funds, they must be approved for an acceptable loan product that permits charitable organizations to provide gift funds. Contact: North Carolina Housing Assistance; (704) 385-3973


Employees Volunteer to Get Cash Rewards

In addition to providing funding, the foundation supports community organizations by offering human resources through the WAVE program. WAVE is a volunteer program that helps Fannie Mae and Fannie Mae Foundation employees find volunteer opportunities and provide incentives for employees to participate in volunteer activities. Employees can receive up to 10 hours of paid leave per month to perform community service. The WAVE program also features a grants program called Dollars for Doers which matches employee volunteer hours with cash grants to the organizations for which they volunteer. Dollars for Doers grants range from $100 for 25 hours of service to $500 for 100 or more hours of service in one calendar year. The Employee Matching Gifts Program is another component of WAVE, which matches personal financial contributions by employees, up to $10,000 per year. Contact: Fannie Mae Foundation, 4000 Wisconsin Ave. N.W., N. Tower, Ste. 1, Washington, DC 20016-2804; (202) 274-8066 or (202) 274-8057 or (202) 274-8000; Fax: (202) 274-8100