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2. HOME Investment Partnerships Program - Wikipedia

   en.wikipedia.org/wiki/HOME_Investment...

   The HOME Investment Partnerships Program ( HOME) is a type of United States federal assistance that the U.S. Department of Housing and Urban Development (HUD) provides to states to create decent and affordable housing, particularly housing for low and very low income Americans. [1] It is the largest Federal block grant to states and local ...

3. Low-Income Housing Tax Credit - Wikipedia

   en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

   t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...

4. Section 8 (housing) - Wikipedia

   en.wikipedia.org/wiki/Section_8_(housing)

   Over a certain amount, HUD will add income even if the Section 8 tenant does not receive any interest income from, for example, a bank account. [11] [12] HUD calls this "imputed income from assets" and, in the case of a bank account, HUD establishes a standard "Passbook Savings Rate" to calculate the imputed income from the asset.

5. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   A down payment or first-time homebuyer grant is essentially free money to help you cover your down payment or closing costs. The grants are usually awarded to low- or moderate-income borrowers ...

6. FHA streamline refinance: What is it and how does it work? - AOL

   www.aol.com/finance/fha-streamline-refinance...

   1. You must refinance an FHA loan. This is the primary rule. In order to take advantage of the FHA streamline program, you must already have an FHA-insured mortgage. 2. You must receive a ‘net ...

7. Reverse mortgage: What it is and how it works - AOL

   www.aol.com/finance/reverse-mortgage-works...

   Many reverse mortgage borrowers use these payments to supplement retirement income. The most common type of reverse mortgage is a Home Equity Conversion Mortgage (HECM), for borrowers ages 62 and ...