The HOME Program is another HUD program that is extremely flexible. HOME funds can be provided to persons on Waiting Lists for the Section 8 program, be used to rehabilitate rental or homeowner properties, and even to construct new property. Basically the HOME program bridges the gap between what persons with low income can afford and the market cost of housing in the local community. Again check with your local planning or community development office to see if they receive HOME funds and what may be available. This program is open to families and agencies for application.
Interest rates vary as low as zero percent based on income levels.
This program is open to agencies for application. This is open to individuals and families. Not all communities or banks participate. The interest on a second mortgage is subsidized for 10 years. This is open to individuals and families.