USDA Approves Funding of 2 Year Self-Help Purchase Repair Grant
inte8821 • December 1, 2014
IHA has been awarded a second grant to continue the Self Help Purchase Repair program and to be able to offer low and very low income buyers the opportunity to purchase homes.
IHA pairs buyers with existing homes on the market that need repair and attention. We help the participant prequalify for a USDA Rural Development Loan with requires no down payment and offers below market interest rates for a 33 to 38 year mortgage. The participant also develops a repair budget and with technical support from staff completes at least 125 hours of sweat equity in repair work on the home. Homes are available in Carroll, Frederick, Washington and Allegany Counties in Maryland.
Interfaith Housing Alliance (IHA) is proud to announce two funding awards received this quarter from community partners.
Alice Buchanan moved from Frederick, MD to North Carolina to take care of her daughter, Angela, who had kidney failure. Angela was in the Navy and served for 20 years when she retired. Upon Angela’s death, Alice stayed in North Carolina to raise her daughter’s children. When the children became adults, Alice wanted to come back “home” to Frederick, MD. Alice was looking for an apartment, so she asked her friend who was living in Frederick to help her with her search. Her friend connected Alice to Weinberg House. As soon as Alice heard there was a vacant unit she immediately returned to Frederick. Alice Buchanan moved into Weinberg House on May 12, 2015. Other than Alice, there is only one other person who has lived at Weinberg House since Alice moved in.
Voices of Affordable Housing: Affordable Housing