$15,000 To Improve a New Home..
The Pennsylvania Housing Finance Agency’s Purchasing Improvement program allows borrowers to make up to $15,000 in home improvements in conjunction with the purchase of a home with a PHFA first mortgage loan. Eligible improvements include repairs, alterations or modifications to improve the basic livability, accessibility, energy efficiency or safety of the property. See http://www.phfa.org
Home Repair Grants and Homes At Below Market Cost…
The Arlington Housing Corporation in suburban Washington, DC buys homes, which are in poor condition and renovates the home to sell to qualified first time home buyers at below market cost. Low interest loans and grants are available for home remodeling as well as assistance with down payment money. See ahc@ahcinc.org
Government Gives Away FREE Land...
Grants, loans, and loan guarantees are also available from the Federal Government for those looking for money to fix up their own home or fix up an investment property. A sampling of these programs are described below. When the description refers to the Catalog of Federal Domestic Assistance you can see the program described in more detail at www.cfda.gov.
1) $200,000 to Fix Up Homes In The Country...
Called “The Farm Labor Housing Loans and Grants Program” and referred to as Program #10.405 in the Catalog of Federal Domestic Assistance, this program provides decent, safe, and sanitary low-rent housing and related facilities for domestic farm laborers. The loans and grants may be used for construction, repair, or purchase of year-round or seasonal housing; acquiring the necessary land and making improvements on land for housing; and developing related support facilities including central cooking and dining facilities, small infirmaries, laundry facilities, day care centers, other essential equipment and facilities or recreation areas. Funds may also be used to pay certain fees and interest incidental to the project. Restrictions on the use of funds are: The housing must be of a practical type and must be constructed in an economical manner and not of elaborate material or extravagant design. Housing financed with labor housing loan or grant funds must be occupied by domestic farm laborers and their families. Contact your local office of the U.S. Department of Agriculture Rural Housing Service at http://offices.usda.gov/scripts/ndISAPI.dll/oip_public/USA_map
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