Difference between revisions of "Template:Nhsc-v1-425"
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| − | reduction payments on a monthly basis | + | reduction payments on a monthly basis to lenders on behalf of the lower income families. (HUD insures lenders against losses on mortgage loans. These loans may be used to finance the purchase of a new or substantially rehabilitated single-family dwelling or condominium unit approved prior to beginning of construction or beginning of substantial rehabilitation.) |
| − | to lenders on behalf of the lower | + | |
| − | income families. (HUD insures lenders | ||
| − | against losses on mortgage loans. | ||
| − | These loans may be used to finance the | ||
| − | purchase of a new or substantially | ||
| − | rehabilitated single-family dwelling | ||
| − | or condominium unit approved prior to | ||
| − | beginning of construction or beginning | ||
| − | of substantial rehabilitation.) | ||
Types of Assistance: Direct | Types of Assistance: Direct | ||
Payments for Specified Use; | Payments for Specified Use; | ||
Guaranteed/Insured Loans. | Guaranteed/Insured Loans. | ||
| − | Mortgage Insurance—Homes for Low | + | |
| − | and Moderate Income Families | + | ====Mortgage Insurance—Homes for Low and Moderate Income Families (14.120)==== |
| − | (14.120) | ||
Housing, Department of Housing and | Housing, Department of Housing and | ||
Urban Development. | Urban Development. | ||
| + | |||
Objectives: To make homeownership | Objectives: To make homeownership | ||
more readily available to families | more readily available to families | ||
| Line 28: | Line 20: | ||
housing or the rehabilitation of such | housing or the rehabilitation of such | ||
housing.) | housing.) | ||
| + | |||
Types of Assistance: Guaranteed/ | Types of Assistance: Guaranteed/ | ||
Insured Loans. | Insured Loans. | ||
| − | Low Income Housing—Homeownership | + | ====Low Income Housing—Homeownership Opportunities for Low Income Families (14.147)==== |
| − | Opportunities for Low Income | ||
| − | Families (14.147) | ||
Housing, Department of Housing and | Housing, Department of Housing and | ||
Urban Development. | Urban Development. | ||
| + | |||
Objectives: To provide, through | Objectives: To provide, through | ||
local Public Housing Agencies (PHA's), | local Public Housing Agencies (PHA's), | ||
| Line 41: | Line 33: | ||
opportunity for owning their own | opportunity for owning their own | ||
homes. | homes. | ||
| + | |||
Types of Assistance: Direct | Types of Assistance: Direct | ||
Payments for Specified Use; Direct | Payments for Specified Use; Direct | ||
Loans. | Loans. | ||
| − | Housing: Home Improvements and | + | |
| − | Rental and Cooperative Units | + | ===Housing: Home Improvements and Rental and Cooperative Units=== |
| − | Very-Low Income Housing Repair | + | ====Very-Low Income Housing Repair Loans and Grants (10.417)==== |
| − | Loans and Grants (10.417) | ||
Farmers Home Administration, | Farmers Home Administration, | ||
Department of Agriculture. | Department of Agriculture. | ||
| + | |||
Objectives: To give very | Objectives: To give very | ||
low-income rural homeowners an | low-income rural homeowners an | ||
| Line 56: | Line 49: | ||
to remove health hazards to the family | to remove health hazards to the family | ||
or the community. | or the community. | ||
| + | |||
Types of Assistance: Direct Loans; | Types of Assistance: Direct Loans; | ||
Project Grants. | Project Grants. | ||
| − | Interest Reduction Payments—Rental | + | |
| − | and Cooperative Housing for Lower | + | ====Interest Reduction Payments—Rental and Cooperative Housing for Lower Income Families (14.103)==== |
| − | Income Families (14.103) | ||
Housing, Department of Housing and | Housing, Department of Housing and | ||
Urban Development. | Urban Development. | ||
| + | |||
Objectives: To provide good | Objectives: To provide good | ||
quality rental and cooperative housing | quality rental and cooperative housing | ||
| − | for persons of low- and | + | for persons of low- and moderate-income |
by providing interest reduction | by providing interest reduction | ||
payments in order to lower their | payments in order to lower their | ||
| Line 75: | Line 69: | ||
detached, semidetached, row, walk-up, | detached, semidetached, row, walk-up, | ||
or elevator-type structures.) | or elevator-type structures.) | ||
| + | |||
Types of Assistance: Direct | Types of Assistance: Direct | ||
Payments for Specified Use; | Payments for Specified Use; | ||
Guaranteed/Insured Loans. | Guaranteed/Insured Loans. | ||
| − | Mortgage Insurance—Rental Housing | + | ====Mortgage Insurance—Rental Housing for Moderate Income Families (14.135)==== |
| − | for Moderate Income Families | ||
| − | (14.135) | ||
Housing, Department of Housing and | Housing, Department of Housing and | ||
Urban Development. | Urban Development. | ||
| + | |||
Objectives: To provide good | Objectives: To provide good | ||
quality rental housing within the | quality rental housing within the | ||
| Line 93: | Line 87: | ||
or elevator-type rental housing | or elevator-type rental housing | ||
containing 5 or more units.) | containing 5 or more units.) | ||
| + | |||
Types of Assistance: Guaranteed/ | Types of Assistance: Guaranteed/ | ||
Insured Loans. | Insured Loans. | ||
| − | 425 | + | {{p|425}} |
Latest revision as of 15:57, 13 June 2006
reduction payments on a monthly basis to lenders on behalf of the lower income families. (HUD insures lenders against losses on mortgage loans. These loans may be used to finance the purchase of a new or substantially rehabilitated single-family dwelling or condominium unit approved prior to beginning of construction or beginning of substantial rehabilitation.)
Types of Assistance: Direct Payments for Specified Use; Guaranteed/Insured Loans.
Contents
Mortgage Insurance—Homes for Low and Moderate Income Families (14.120)
Housing, Department of Housing and Urban Development.
Objectives: To make homeownership more readily available to families displaced by urban renewal or other government actions as well as other low-income families. (HUD insures lenders against loss on mortgage loans. These loans may be used to finance the purchase of proposed or existing low-cost, one- to four-family housing or the rehabilitation of such housing.)
Types of Assistance: Guaranteed/ Insured Loans.
Low Income Housing—Homeownership Opportunities for Low Income Families (14.147)
Housing, Department of Housing and Urban Development.
Objectives: To provide, through local Public Housing Agencies (PHA's), including Indian Housing Authorities, low-income families with the opportunity for owning their own homes.
Types of Assistance: Direct Payments for Specified Use; Direct Loans.
Housing: Home Improvements and Rental and Cooperative Units
Very-Low Income Housing Repair Loans and Grants (10.417)
Farmers Home Administration, Department of Agriculture.
Objectives: To give very low-income rural homeowners an opportunity to make essential repairs to their homes to make them safe and to remove health hazards to the family or the community.
Types of Assistance: Direct Loans; Project Grants.
Interest Reduction Payments—Rental and Cooperative Housing for Lower Income Families (14.103)
Housing, Department of Housing and Urban Development.
Objectives: To provide good quality rental and cooperative housing for persons of low- and moderate-income by providing interest reduction payments in order to lower their housing costs. (HUD insures lenders against losses on mortgage loans. Insured mortgages may be used to finance the construction or rehabilitation of rental or cooperative detached, semidetached, row, walk-up, or elevator-type structures.)
Types of Assistance: Direct Payments for Specified Use; Guaranteed/Insured Loans.
Mortgage Insurance—Rental Housing for Moderate Income Families (14.135)
Housing, Department of Housing and Urban Development.
Objectives: To provide good quality rental housing within the price range of low and moderate income families. (HUD insures lenders against loss on mortgages. Insured mortgages nay be used to finance construction or rehabilitation of detached, semidetached, row, walk-up, or elevator-type rental housing containing 5 or more units.)
Types of Assistance: Guaranteed/ Insured Loans.
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