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.
2. EMERGENCY ASSISTANCE
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.
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.
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.
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.