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Ben Werner,
Student Newspaper Editor
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HOME is a non-profit organization committed to preserving the dignity and independence of low-income elderly in Chicago through a variety of housing and support services.
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John Fielding,
CEO
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Homeowners with low equity loans on overpaid homes who lost a source of income created much lender fallout.
These homes are then sold to low-income buyers, at a price which charges no profit and with long-term mortgage financing, provided by Twin Cities Habitat for Humanity, which charges no interest.
For families with incomes above those levels, interest rates are close to market rate, and loans for permanent replacement of homes do require a 1 percent down payment.
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Brian Mengel,
Civil Servant
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Home Repair Assistance grants to help home owners on low incomes fund repairs or alterations to ensure the health, safety, security or welfare of the client.
Funds to weatherize homes for lower income persons are offered by the federal Department of Health and Human Services through the Department of Community Services and Development.
A 20 percent state income tax credit would be offered to people who purchase and restore older residential properties in designated historic neighborhoods if they agree to live in those homes for at least five years.
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Mike Enlow,
Internet Marketer
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Many low income borrowers with less than perfect credit histories would not have been able to purchase their dream home without the assistance and dedication of a mortgage broker.
Now is a great time to purchase income property, there are lots of homes for sale, interest rates are down, and a real estate investment is much better than the stock market.
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Bob Greenberg,
Congressional Candidate
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These programs are intended to increase housing opportunities for low- and moderate-income families and to rehabilitate substandard homes in keeping with the policy set forth by the Board of County Commissioners that stable neighborhoods are the cornerstone of community development.
Kemp: I strongly believe that Seniors on limited incomes and other poor citizens in northeast Georgia should not be forced out of their homes to make way for new developments.
Higher limits may be justified for home ownership programs and lower limits for programs targeted to more needy populations such as the elderly living on fixed incomes.
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