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The Home Affordable Modification Program (HAMP) is a government program introduced in 2009 to respond to the subprime mortgage crisis.HAMP [10] is part of the Making Home Affordable program (MHA), [11] established in concert with the Hardest Hit Fund program (HHF) [12] under the Troubled Asset Relief Program (TARP), a part of the Emergency Economic Stabilization Act of 2008. [13]
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
Examples of qualifying loans may include business credit card obligations, capital leases, notes payable to vendors or suppliers, Development Company Loan Program (504) first-lien loans, other loans to small businesses made without an SBA guaranty, and loans made by or with an SBA guaranty on or after Feb. 17, 2009. Borrowers with loans that ...
Sell with an agent: To get the highest possible price for your property, your best bet is to work with an experienced real estate agent and go through the traditional sale process. It will take ...
Another place to turn to are non-profit Community Development Financial Institutions, or CDFIs, which offer grants and loans to small businesses, often at better rates than traditional banks. That ...
Two weeks ago, the White House froze spending on federal loans and grants, plunging organizations across the country into uncertainty and creating chaos for nonprofits in the poorest, most rural ...
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