Nhsc-v1-426

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nhsc-v1-426

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Mortgage Insurance—Rental and Cooperative Housing for Low and Moderate Income Families, Market Interest Rate (14.137)

Housing, Department of Housing and Urban Development.

Objectives: To provide good quality rental or cooperative housing within the price range of low- and moderate-income families. (HUD insures lenders against loss on mortgages. Insured mortgages may be used to finance construction or rehabilitation of rental or cooperative detached, semidetached, row, walk-up, or elevator structures, with 5 or more units.)

Types of Assistance: Guaranteed/ Insured Loans.

Rent Supplements—Rental Housing for Lower Income Families (14.149)

Housing, Department of Housing and Urban Development.

Objectives: To aid lower-income families in obtaining decent, safe, and sanitary housing in private accommodations and to promote economically mixed existing, newly constructed, and substantially and moderately rehabilitated housing. (Provides housing assistance payments to participating private owners and Public Housing Agencies on behalf of eligible tenant to provide decent, safe, and sanitary housing for lower and very low income families at rents they can afford.)

Types of Assistance: Direct Payments for Specified Use.

Housing for the Elderly or Handicapped 114.157)

Housing, Department of Housing and Urban Development.

Objectives: To provide for rental or cooperative housing and related facilities (such as central dining) for the elderly or handicapped. (Direct loans may be used to finance rental or cooperative detached, semidetached, row, walk-up, or elevator-type structure.)

Types of Assistance: Loans to private nonprofit corporations and consumer cooperatives.

Public Housing--Comprehensive Improvement Assistance Program (14.158)

Housing, Department of Housing and Urban Development.

Objectives: To provide annual contributions to improve the physical condition and upgrade the management and operation of existing public housing projects to assure that they continue to be available to serve low-income families.

Types of Assistance: Direct Loans; Project Grants; Direct Payments for Specified use.

Low Income Housing—Assistance Program (14.146)

Housing, Department of Housing and Urban Development.

Objectives: To remedy the unsafe and unsanitary housing conditions and the acute shortage of decent, safe, and sanitary dwellings for families of lower income through an authorized Public Housing Agency.

Types of Assistance: Direct Payments for specified Use; Direct Loans.

Rural Self-Help Housing Technical Assistance (10.420)

Farmers Home Administration, Department of Agriculture.

Objectives: To provide financial support for the promotion of a program of technical and supervisory assistance which will aid needy low-income individuals and their families in carrying out mutual self-help efforts in rural areas. (Organizations may use technical assistance funds: to hire the personnel to carry out a program of technical assistance for self-help housing in rural areas; to pay necessary and reasonable office and administrative expenses; to make essential equipment such as power tools available to families participating in self-housing

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