- Home Improvement Loan
- Emergency Assistance
- Down Payment Plus
- Lease Purchase Homeownership
- Homestart
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| 1. HOME IMPROVEMENT LOAN |
Low-interest loans based on income and size of family are available for needed repairs. Borrower must own the home and have sufficient income to repay the loan.
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| 2. EMERGENCY ASSISTANCE |
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Grant/loan program used to correct housing conditions that pose a dire threat to the health and safety of the residents. Available to low-income homeowners (50% of the area median or below based on family size), a mortgage is placed on the property during the repayment period of the loan.
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| 3. DOWN PAYMENT PLUS |
Low- to moderate-income homebuyers who are 200% of the poverty level or less ( example: a family of 4 must earn $40,000 or less) may participate in the Housing Enrichment Program. A savings account will be opened and for every $1 saved CountyCorp will match $2 for a downpayment. Credit management and financial education is required.
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| 4. LEASE PURCHASE HOMEOWNERSHIP |
| Provides an alternative method to traditional homeownership financing. Fully rehabilitated homes available to low- to moderate-income families 80% or below the area median) to rent and become homeowners. At the end of 12 months of CountyCorp management and homebuyer preparation, the tenant pursues a mortgage and takes ownership of the home. |
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| 5. HOMESTART |
An alternative form of homeownership for very low income families. Fully rehabilitated homes available to low-income families (60% or below of the area median) to rent and become homeowners. At the end of 15 years of CountyCorp management, the tenant receives a credit toward the purchase of the home for each year of residency, pays a
transfer fee, and takes ownership of the home.
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