Posts Tagged ‘U S Department’

50 Discount For Teachers K 12 To Buy A Home

Called the ‘Teacher Next Door Initiative and referred to as Program #14.310 in the Catalog of Federal Domestic Assistance, this program is designed to strengthen America’s communities by encouraging public and private school teachers to live in low and moderate income neighborhoods. Teachers (State-certified in grades Kindergarten through 12th grade) may purchase HUD-owned single unit properties located in designated revitalization areas at a 50 percent discount off list price. Teachers must agree to occupy homes as their sole residence for a period of 3 years. The teacher must also agree to execute a second mortgage and note in the name of the Department for an amount equal to the 50 percent discount. This zero interest note will gradually decrease over the 3-year mandatory residence period until it reaches zero. Should the teacher leave the home before the 1st anniversary of occupancy, 90 percent of the discounted amount will be due to HUD. Departure before the 2nd anniversary of occupancy will require a 60 percent repayment, and departure before the 3rd anniversary of occupancy will require a 30 percent repayment of the discounted amount. Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

Get a 100000 Home For 1 plus Fix Up Money

Called the Dollar Home Sales and referred to as Program #14.313 in the Catalog of Federal Domestic Assistance, this program expands HUD’s partnership with local governments in helping to foster housing opportunities for low- to moderate-income families and address specific community needs. Single family homes that are acquired in foreclosure actions by the Federal Housing Administration (FHA) will be eligible for sale to local governments across the nation for $1 plus closing costs when the properties have been listed for at least six months and remain unsold. Local governments buying HUD properties for $1 plus closing costs may sell or rent them to low- and moderate-income families, to first-time homebuyers, or to groups that will use the properties to provide services such as child- care centers, domestic abuse shelters, job training centers, etc. Contact your local office of the U.S. Department of Housing and Urban Development. Look on the left-hand side of the page to search for your local field office.

Visit: www5.hud.gov:63001/po/i/netlocator/

Money To Buy Fix Up Or Refinance a Home

Called Rehabilitation Mortgage Insurance and referred to as Program #14.108 in the Catalog of Federal Domestic Assistance, this program helps families repair or improve, purchase or refinance and improve existing residential structures more than one year old. These loans may be used to rehabilitate an existing 1 to 4 unit dwelling in one of four ways: (1) Purchase a structure and the land on which the structure is located and rehabilitate it; (2) purchase a structure on another site, move it onto a new foundation on the mortgaged property and rehabilitate it; (3) refinance the existing indebtedness and rehabilitate such a structure; or (4) rehabilitate such a structure. Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

50 Discount For Law Enforcement Officers To Buy A Home

Called Officer Next Door Sales Program and referred to as Program #14.198 in the Catalog of Federal Domestic Assistance, this program strengthens America’s communities by providing homeownership opportunities to law enforcement officers in HUD- designated revitalization areas, and to improve the quality of life in these neighborhoods by their presence. Law enforcement officers may purchase HUD-owned single unit properties located in designated revitalization areas at a 50 percent discount off list price. Officers must agree to occupy homes as their sole residence for a period of 3 years. The officer must also agree to execute a second mortgage and note in the name of the Department for an amount equal to the 50 percent discount. This zero interest note will gradually decrease over the 3-year mandatory residence period until it reaches zero. Should the officer leave the home before the 1st anniversary of occupancy, 90 percent of the discounted amount will be due to HUD. Departure before the 2nd anniversary of occupancy will require a 60 percent repayment, and departure before the 3rd anniversary of occupancy will require a 30 percent repayment of the discounted amount. Officers must certify initially, and once annually, for each year of the occupancy term, that he/she continues to own and live in the home as a sole residence, and that no other residential real estate is owned. Contact your local office of the U.S. Department of Housing and Urban Development.

Visit: www5.hud.gov:63001/po/i/netlocator/

Reverse Mortgages For Seniors

Called Reserve Mortgages For Seniors and referred to as Program #14.183 in the Catalog of Federal Domestic Assistance, this program enables elderly homeowners, 62 years of age or older, to convert equity in their homes to monthly streams of income – except for Texas – lines of credit. HUD insures lenders against loss on reverse mortgage loans. Contact your local office of the U.S. Department of Housing and Urban Development. Look on the left-hand side of the page to search for your local field office.

Visit: www5.hud.gov:63001/po/i/netlocator/

Veteran Services

For All Your Veteran Benefits Questions: The U.S. Department of Veterans Affairs can be reached at 800-827-1000, or online.Your Very Own Advocate: The Washington Department of Veterans Affairs ranks among the nation’s leaders in the satisfaction of veterans claims submitted to the U.S. Department of Veterans Affairs. For more information contact Washington Department of Veterans Affairs, 505 E. Union #150/ P.O. Box 41155, Olympia, WA 98504; 360-586-1070; 800-562-2308.

Visit: www.va.gov

4000000 to Build or Fix Up Housing for Seniors

Called the Supportive Housing for the Elderly Program and referred to as Program #14.157 in the Catalog of Federal Domestic Assistance, it can be used to finance the construction or rehabilitation of a structure or portion thereof, or the acquisition of a structure to provide supportive housing for the elderly, which may include the cost of real property acquisition, site improvement, conversion, demolition, relocation and other expenses of supportive housing for the elderly. Project rental assistance is used to cover the difference between the HUD-approved operating cost per unit and the amount the tenant pays.Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

2000000 to Fix Up Multifamily Units

Called the Supplemental Loan Insurance Multifamily Rental Housing Program and referred to as Program #14.151 in the Catalog of Federal Domestic Assistance, it can be used to finance repairs, additions and improvements to multifamily projects, group practice facilities, hospitals, or nursing homes already insured by HUD or held by HUD. Major movable equipment for insured nursing homes, group practice facilities or hospitals may be covered by a mortgage under this program. Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

2000000 to Build or Rehabilitate Condominiums Program # 14112

Called Mortgage Insurance for Construction for Substantial Rehabilitation of Condominium Projects and referred to as Program #14.112 in the Catalog of Federal Domestic Assistance, this program enables sponsors to develop condominium projects in which individual units will be sold to home buyers. Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

1000000 to Purchase or Fix Up Rental Housing in Small Towns

Called the Rural Rental Housing Loans Programs and referred to as Program #10.415 in the Catalog of Federal Domestic Assistance, it provides economically designed and constructed rental and cooperative housing and related facilities suited for rural residents. Loans can be used to construct, or to purchase and substantially rehabilitate rental or cooperative housing or to develop manufactured housing projects. Housing as a general rule will consist of multi-units with two or more family units and any appropriately related facilities. Funds may also be used to provide approved recreational and service facilities appropriate for use in connection with the housing and to buy and improve the land on which the buildings are to be located. Loans may not be made for nursing, special care, or institutional-type homes).Contact your local office of the U.S. Department of Agriculture Rural Housing Service

Visit: offices.usda.gov/scripts/ndISAPI.dll/oip_public/USA_map

570000000 for Local Communities to Fix Up Your House

Called Community Development Block Grants, Section 108 Loan Guarantees and referred to as Program #14.248 in the Catalog of Federal Domestic Assistance, this program provides communities with a source of financing for economic development, housing rehabilitation, public facilities, and large scale physical development projects. All projects and activities must either principally benefit low and moderate-income persons, aid in the elimination or prevention of slums and blight, or meet urgent needs of the community. Eligible Applicants include: metropolitan cities and urban counties, i.e., the principal beneficiaries are low and moderate income persons. To find organizations in your area who have this funding, contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

5000000 to Build or Fix Up an Apartment Building

Called Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects and referred to as Program #14.155 in the Catalog of Federal Domestic Assistance, this program provides money for existing multifamily housing projects, whether conventionally financed or subject to federally insured mortgages at the time of application for mortgage insurance. Only projects not requiring substantial rehabilitation are acceptable under this section. The estimated cost of required repairs may not exceed 15 percent of the estimated value after repairs or $6,500 per unit adjusted by a high cost factor, whichever is greater and may not involve the replacement of more than one major system. The program has statutory per unit mortgage limits which vary according to the size of the unit, the type of structure, and the location of the project. There are also loan-to- value and debt service limitations. Prevailing wage requirements under the Davis-Bacon Act do not apply to this program. Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

200000 to Fix Up Homes in the Country

Called The Farm Labor Housing Loans and Grants Program and referred to as Program #10.405 in the Catalog of Federal Domestic Assistance, this program provides decent, safe, and sanitary low-rent housing and related facilities for domestic farm laborers. The loans and grants may be used for construction, repair, or purchase of year-round or seasonal housing; acquiring the necessary land and making improvements on land for housing; and developing related support facilities including central cooking and dining facilities, small infirmaries, laundry facilities, day care centers, other essential equipment and facilities or recreation areas. Funds may also be used to pay certain fees and interest incidental to the project. Restrictions on the use of funds are: The housing must be of a practical type and must be constructed in an economical manner and not of elaborate material or extravagant design. Housing financed with labor housing loan or grant funds must be occupied by domestic farm laborers and their families. Contact your local office of the U.S. Department of Agriculture Rural Housing Service

Visit: offices.usda.gov/scripts/ndISAPI.dll/oip_public/USA_map

Pick Up an Extra 500 to Pay Food Bills

if you are having a bad month and made only $1,000 this month as a single person or you are a family of four and made less than $2,100. This is what you can get from the U.S. Department of Agriculture Food and Nutrition Program. Millions must be eligible and never apply. We’ve all had a bad couple of months once in a while. See what the requirements are in your state to get this help

Visit: www.cbpp.org/8-25-03fa.htm

Money to Fix Up Apartment Buildings

Called The Multifamily Assisted Housing Reform and Affordability Act and referred to as Program #14.197 in the Catalog of Federal Domestic Assistance, it provides grants to retain critical affordable housing resources represented by the supply of FHA-insured Section 8 assisted housing and maintain it in good physical and financial condition while, at the same time, reducing the cost of the ongoing Federal subsidy. In carrying out the Program, HUD works with willing participating administrative entities (PAEs), owners and lenders to reduce Section 8 rents and operating expenses to true market levels and also provide for the project’s capital improvement needs. Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

Money to Buy or Build a Home After a Natural Disaster

Called Direct Housing – Natural Disaster and referred to as Program #10.445 in the Catalog of Federal Domestic Assistance, this program assists qualified lower income rural families to meet emergency assistance needs resulting from natural disaster to buy, build, rehabilitate, or improve dwellings in rural areas. Funds are only available to the extent that funds are not provided by the Federal Emergency Management Agency (FEMA). For the purpose of administering these funds, natural disaster will only include those areas identified by a Presidential declaration. Contact your local office of the U.S. Department of Agriculture Rural Housing Service at

Visit: offices.usda.gov/scripts/ndISAPI.dll/oip_public/USA_map

50000 to Fix Up Your Home After a Natural Disaster

Called Direct Housing-Natural Disaster Loans and Grants and referred to as Program #10.444 in the Catalog of Federal Domestic Assistance, this program provides grants to assist very-low income owner- occupants to repair or replace damaged property as a direct result of a natural disaster. Loans are made in counties named by the Federal Management Agency as being eligible for Federal assistance under an emergency declaration by the President. Contact your local office of the U.S. Department of Agriculture Rural Housing Service

Visit: offices.usda.gov/scripts/ndISAPI.dll/oip_public/USA_map

5000 to Get Rid of Lead Paint in Your Home

Called the Lead-based Paint Hazard Control in Privately-Owned Housing Program and referred to as Program #14.900 in the Catalog of Federal Domestic Assistance, this program provides grants to identify and control lead-based paint hazards in privately- owned housing that is owned by or rented to low- or very-low income families. Specific objectives include: (1) building the capacity necessary to eliminate lead-based paint hazards in all housing; (2) preventing childhood lead poisoning; (3) involving cooperation among all levels of government, the private sector, faith-based organizations, and community-based organizations; (4) integrating comprehensive community approaches to address lead hazards in housing; (5) integration of lead- safe practices into other programs which will continue beyond the life of the grant; (6) establishment of a public registry of lead-safe housing; and (7) promoting job training, employment, and other economic lift opportunities for low-income residents of project neighborhoods. . Contact your local office of the U.S. Department of Housing and Urban Development at

Visit: www5.hud.gov:63001/po/i/netlocator/

Money for Teens to Learn to Fix Up Houses

Called Opportunities for Youth-Youth Build Program and referred to ca Program #14.243 in the Catalog of Federal Domestic Assistance, this program provides funding assistance for a wide range of multi-disciplinary activities and services to assist economically disadvantaged youth. The opportunities are designed to help disadvantaged young adults who have dropped out of high school to obtain the education and employment skills necessary to achieve economic self-efficiency and develop leadership skills and a commitment to community development in low income communities. Another important objective of the Youth Build program is to expand the supply of permanent affordable housing for homeless persons and members of low income and very low income families. By giving disadvantaged young adults participating in the program meaningful on-site training experiences constructing or rehabilitating housing as a community service, they are helping to meet the housing needs of homeless and low income families in their community. Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

Money to Rehabilitate a Trailer Home Park

Called Mortgage Insurance- Manufactured Home Parks and referred to as Program #14.127 in the Catalog of Federal Domestic Assistance, this program makes it possible to finance the rehabilitation of manufactured home parks. Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

Grants to Native American Communities to Fix Up Homes

Called the Indian Community Development Block Grant Program and referred to ca Program #14.862 in the Catalog of Federal Domestic Assistance, this program provides grants to improve the housing stock, provide community facilities, make infrastructure improvements, and expand job opportunities by supporting the economic development of their communities. To identify if there are programs in your area, contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

Grants to Local Communities to Provide Money to Buy or Fix Up Homes or to Pay for Rent

Called the Home Investment Partnership Program and referred to as Program #14.239 in the Catalog of Federal Domestic Assistance, this program expands the supply of affordable housing, particularly rental housing, for low and very low income Americans; (2) to strengthen the abilities of State and local governments to design and implement strategies for achieving adequate supplies of decent, affordable housing; (3) to provide both financial and technical assistance to participating jurisdictions, including the development of model programs for developing affordable low income housing; and (4) to extend and strengthen partnerships among all levels of government and the private sector, including for-profit and nonprofit organizations, in the production and operation of affordable housing. To identify if there are programs in your area, contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

Money to Buy or Fix Up Houses in The Pacific Islands or The Virgin Islands

Called the Community Development Block Grants/Special Purpose Grants/Insular Areas and referred to as Program #14.255 in the Catalog of Federal Domestic Assistance, this program provides grants that can be used for housing and community development in the Pacific Islands of American Samoa, Guam, the Northern Mariana Islands, and the Virgin Islands in the Caribbean. Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

3 Billion in Grants to Fix Up Homes in Cities

Called Community Development Block Grants/Entitlement Grants and referred to as Program #14.218 in the Catalog of Federal Domestic Assistance, this money can be used to develop viable urban communities, by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for persons of low and moderate income. To find organizations in your area who have received this funding, contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

1000000 to Build or Fix Up Housing for People with Disabilities

Called the Supportive Housing for Persons with Disabilities Program and referred to as Program #14.181 in the Catalog of Federal Domestic Assistance, this program provides for supportive housing for persons with disabilities. Capital advances may be used to construct, rehabilitate or acquire structures to be used as supportive housing for persons with disabilities. Project rental assistance is used to cover the difference between the HUD-approved operating costs of the project and the tenants’ contributions toward rent (30 percent of adjusted income). To identify if there are programs in your area, contact your local office of the U.S. Department of Housing and Urban Development. If the local office does not know what you are talking about, contact the main office at: Office of Housing Assistants and Grants Administration, Department of Housing and Urban Development, Washington, DC 20410, 202-708-3000.

Visit: www5.hud.gov:63001/po/i/netlocator/

Free Money Club
Club Resources
September 2010
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2010 Government Money Clock
 
Amount Given To Individuals
So Far In 2010
Avg Family Will Receive
$20,978 in 2010