U.S. Department of Housing and Urban Development (HUD)
Community Development Block Grant
The CDBG program works to ensure decent affordable housing, to provide services to the most vulnerable in our communities, and to create jobs through the expansion and retention of businesses. CDBG is an important tool for helping local governments tackle serious challenges facing their communities. The CDBG program has made a difference in the lives of millions of people and their communities across the Nation. For more information, click here... or www.hud.gov/cpd.
HOME
HOME provides formula grants to States and localities that communities use—often in partnership with local nonprofit groups—to fund a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or homeownership or provide direct rental assistance to low-income people. For more information, click here... or www.hud.gov/cpd.
Section 202 – Supportive Housing for the Elderly
HUD provides capital advances to finance the construction, rehabilitation or acquisition with or without rehabilitation of structures that will serve as supportive housing for very low-income elderly persons, including the frail elderly, and provides rent subsidies for the projects to help make them affordable. For more information, click here...
Section 811 – Supportive Housing for Persons with Disabilities
HUD provides funding to nonprofit organizations to develop rental housing with the availability of supportive services for very low-income adults with disabilities, and provides rent subsidies for the projects to help make them affordable. For more information, click here... or http://www.hud.gov/offices/hsg/mfh/progdesc/progdesc.cfm.
SHOP
SHOP provides funds for eligible non-profit affordable housing development organizations to purchase home sites and develop or improve the infrastructure needed to set the stage for sweat equity and volunteer-based homeownership programs for low-income persons and families. SHOP funds are used for eligible expenses to develop decent, safe and sanitary non-luxury housing for low-income persons and families who otherwise would not become homeowners. Homebuyers must be willing to contribute significant amounts of their own sweat equity toward the construction of the housing units. SHOP funds are disbursed locally by Housing Assistance Council (HAC), a national intermediary, and by Community Frameworks, a regional non-profit intermediary serving WA, OR, ID and MT. For more information, click here... or click on the following:
www.communityframeworks.org
http://www.hud.gov/offices/cpd/affordablehousing/programs/shop/
http://www.pshhc.org/
http://www.rurdev.usda.gov/rhs/sfh/brief_selfhelpsite.htm
Section 8 Homeownership Vouchers
The Homeownership Voucher Program allows families with Section 8 vouchers to use their vouchers to help pay the mortgage on a home they buy. Local Public Housing Agencies decide if they want to take part in the homeownership program or not. Families approved for Section 8 homeownership vouchers can switch from rental assistance to mortgage assistance when they are ready to buy a house. To qualify, families must be first-time homebuyers and they must find a house to buy that meets the program standards. For more information, please visit
http://www.hud.gov/offices/pih/programs/hcv/homeownership/
Super NOFA
HUD annually announces the SuperNOFA funding for various funding sources such as Rural Housing and Economic Development, Youthbuild, Community Development Technical Assistance Programs, Brownfields Economic Development Initiative, Housing Opportunities for Persons with AIDS (HOPWA), Self-Help Homeownership Opportunity Program (SHOP), and Continuum of Care Homeless Assistance Programs. It will be announced in the Federal Register. For more information, please visit
http://www.hud.gov/offices/cpd/about/budget/2006supernofa/index.cfm |
