Federal Grants for Down Payment on Home

Low and medium income earning families can get assistance from the federal government in paying for their home’s down payment. The federal government, through its respective agencies, are offering grants for down payment on home to families that are eligible for it.

Housing Choice Voucher or the HCV Family Self-Sufficiency

The HCV Family self-sufficiency or FSS is a program administered by the US Department of Housing and Urban Development. This program encourages communities in developing strategies locally that will assist voucher families in obtaining employment that will result to the self-sufficiency. The local unit or the Public Housing Agencies will work with the relevant agencies, businesses, schools as well as other local partners in developing comprehensive program that will meet the goal. Applicants for this program should go to the local PHA to discuss the application. Call the US HUD by phone at (202) 708 – 1112 or visit their website at hud.gov.

U.S. Department of Housing and Urban Development
451 7th St., S.W.,
Washington, DC 20410

Affordable Housing Program

The Affordable Housing Program or simply the AHP is a program by the Federal Housing Finance Agency or FHFA. This program is intended to give subsidies to the cost of housing for families and individuals having incomes equal to or below 80% of the Area Median Income (AMI), and also the rental housing that is at least 20% of the housing units that are reserved for the households with incomes equal or below to 50% of AMI. The AHP funding is mainly available and it is competitive grant in nature and so application is also competitive. The FHLBanks administer the application. In this competitive grant, the members have to submit their applications on behalf of the sponsors of housing projects that are deemed eligible based on the eligibility requirements and scoring made by the FHLBanks. The cash grant can be used for paying the down-payment, closing the cost, counselling or even rehabilitation assistance or those transactions connected with the purchasing of the household or the rehabilitation of a housing unit. Each FHLBank is setting its own maximum grant and usually, it does not exceed $15,000 per household. For further details, inquiries, comments and questions about the grant program AHP by the FHFA, call the agency at (202) 414 – 3800 or send them an e-mail at FHFAinfo@FHFA.gov.

Federal Housing Finance Agency or the FHFA
1700 G St., NW
4th Floor
Washington, DC 20552

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