|
|  |
 Printer Friendly
 Text Version  Email Page
| Homebuyer Programs |
|
Using the Housing Resource Fund, OCD
awards grants to community-based nonprofits or local units of government to
implement programs that promote homeownership for low-income families. Homebuyer
programs generally fall into two categories:
- Programs such as down payment and moderate rehabilitation
assistance to help low-income homebuyers purchase affordable housing units.
- Programs promoting housing development,
acquisition and rehabilitation, or new construction of affordable units for
resale. A most successful housing development program includes revitalization
projects in underserved target areas and/or plans to increase affordable housing
stock in the community.
|
|
|
|
