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Wednesday, May 21, 2008

Housing Assistance - Purchasing

The Department of Housing and Urban Development funds housing counseling agencies throughout the country. These agencies can provide advice on buying a home, renting, defaults, foreclosures, credit issues and reverse mortgages.

In addition, HUD's Homeownership Voucher Program expands the purpose of the Housing Choice Voucher Program, which provides subsidies for all or part of a rental payment. The Homeownership Voucher Program gives low-income families that are first-time homebuyers the option of using their Voucher subsidy toward owning a home rather than renting. For additional information about this program, please contact your local Public Housing Agency (PHA).

If you are a rural resident, you may also want to contact your local Rural Development (RD) office. These offices can provide assistance to rural residents through the Rural Housing Service.

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