Grants

15000 People A Month Get Grants For Down Payments

There are a number of non-profit organizations that provide grants to homeowners to pay for down payments and closing costs for buying a new home. These grants normally range from 2% to 5% of the purchase price of the home. These non-profits obtain their money from mortgage lenders and sellers. Housing regulations prevent sellers or lenders to give down payment money directly to buyers. More than 15,000 buyers a month receive grants through this program. To learn more about how this gift-assisted sale works, contact the national association of these organizations called Homeownership Alliance of Nonprofit Down Payment Providers, at 301-941-1907, or web.

Visit: www.downpaymentalliance.org

15000 Grant For Californians To Buy A Home Near Work

The Workforce Initiative Subsidy for Homeownership (WISH) Program provides grants to qualified homebuyers living in high-cost areas to enable them to purchase homes near their work. Under the WISH Program, the bank will provide up to $15,000 per household, matching up to $3 for every dollar contributed by the homeowner toward the purchase of the home. WISH funds must be used only toward down payment or closing costs in connection with the purchase of a housing unit to be used as the homebuyer’s primary residence. Terms for participation include: completion of a mortgage assistance program administered by a public or private entity; a household income of the homebuyer at 80% or less of the HUD area median income; contribution of at least 1% of the purchase price from their own funds; and completion of an approved homebuyer counseling program. For information on the Federal Home Loan Bank of San Francisco

Visit: www.fhlbsf.com

Laws Let You See Successful Grant Applications

Even at the state level there are laws that let you demand your rights to see copies of successful applications from people who already got the money. They may be called different laws in different states. In Ohio they’re called Sunshine Laws and they are published for everyone in a publication called the Yellow Book.They’re enforced by the state attorney general’s office. Check your state’s attorney general’s office if a state official ever tells you that you are not allowed to see an application. Remember, it’s your money the government is handing out in grants.

Visit: www.ag.state.oh.us/online_publications/2004_yellow_book.pdf

Get 10000 From Your Boss To Buy A Home

Some universities give employees $1,500 grants to help them buy a home. Companies in Minnesota are offering up to $15,000 to employees to buy homes. City governments in Washington offer employees $10,000 to help buy a home if they perform 100 hours of community service. Make sure you find out what your employer or potential employer has to offer. And learn more about programs like these at

Visit: www.npcr.org/copc/reports/copc3/copc3.html