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Low-Income Home Energy Assistance Program (LIHEAP) Much like the Weatherization program, LIHEAP provides energy and utility assistance for older adults. The federal grant helps eligible, lower ...
The new “high-efficiency electric home rebate program” delivers homeowners in lower income households — earning less than 150% of an area’s median income — up to $14,000 cash back when ...
Home purchase or rehabilitation financing assistance – In this type of activity, the HOME program may provide a down payment for the purchase of a housing unit to a financial institution, thereby reducing the monthly mortgage payment of the loan balance for a low-income family that otherwise could not afford the monthly payment. The down ...
A press release from the Department of Health and Human Services on June 5, 2013, indicates that $187.4 million was released to states to help low-income homeowners and renters with rising energy costs. This funding supplements $3.065 billion in grants made available earlier in the year through the Low-Income Home Energy Assistance Program ...
Section 504 loans and grants are a USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for the Rural Housing Service (RHS) direct loans to repair their homes. Loans are limited to $20,000 and have a 20 ...
Fannie Mae’s HomeReady mortgage program addresses one of the challenges of buying a home with a low income by requiring just 3 percent of the home’s price as a down payment.
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