Housing and Community Development Programs

November 14, 2008 By: House Committee on Financial Services - Congressman Barney Frank (D-MA)

The Department of Housing and Urban Development (HUD) will provide more than $31 billion this fiscal year in funding for affordable housing and community development purposes. Approximately two- thirds of the HUD budget goes to provide rental assistance for low-income families, seniors, and the disa...

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Home Investment Partnerships Program (HOME)

May 17, 2008

The HOME program provides grant funding through formula allocations to states and local governments to strengthen public-private partnerships and increase the supply of affordable housing for low-and very low-income households.

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Homeownership Zone Initiative (HOZ)

May 17, 2008

The Homeownership Zone Initiative (HOZ) allows communities to reclaim vacant and blighted properties, increase homeownership, and promote economic revitalization by creating entire neighborhoods of new, single-family homes, called Homeownership Zones.

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HUD: Low Income Housing Ta Credits for Nonprofits Developing Rental Housing

May 17, 2008

The Low income Housing Tax Credit (LIHTC) provides an incentive for private, profit-motivated entities to develop affordable housing.

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Self-Help Homeownership Opportunity Program

May 17, 2008

SHOP provides funds for eligible national and regional non-profit organizations and consortia to purchase home sites and develop or improve the infrastructure needed to set the stage for sweat equity and volunteer-based homeownership programs.

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HUD - Supportive Housing for Persons with Disabilities – Section 811

May 17, 2008

Provides assistance to the developers of low-income housing for persons with disabilities.

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HUD - Supportive Housing for the Elderly

May 17, 2008

Provides assistance to the developers of low-income housing for the elderly.

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