Is it a good idea to rent my home to Section 8 low income program?

Mar 22, 2010 by sexymomma6 | Posted in Renting & Real Estate

I just bought a house and I plan to rent it out for about 2 years. Is it a good or bad Idea to rent my house to Section 8 low Income program? I'm new to this and I don't know if my home will be taken care of.

Do not count on the home being taken care of at all. Count on remodeling after 2 years.

Janet P | Mar 22, 2010

If you just bought the house and applied for the first time homebuyer credit you will have to repay the 8k. Went you rent a house you gamble on a tenant. Any tenant whether section 8 or not can be great or horrible.
Age of Reason | Mar 22, 2010

I am trying to find home ownership programs for low income families. Any suggestions?

Jul 08, 2008 by zansmom2 | Posted in Renting & Real Estate

I work with low income families in public housing. Many of them have children and want to someday buy a home but with their income, can be very hard. I know there are many programs out there, but where do I start?

Habitat for Humanity and the federal government HUD.

http://www.hud.gov/

Mark C | Jul 08, 2008

City of Miami - First Time Home Buyer Program Has Funds Available

Funds are presently available for the City of Miami's First-time Homebuyer Program, which provides loans to qualifying low-income individuals ...

Home buyer assistance program expands citywide

16.09.11

"It is a revision to the program," Cantu said. "What we want to do is help people purchase safe, decent, affordable housing."

A grant of $100,000 was provided to the city for the coming fiscal year and any funds left over from 2011, which could total about $20,000, will be rolled over, Cantu said. With that, they hope to assist between 24 and 30 individuals, he said.

To apply for the assistance, individuals must be considered low-income, be a legal U.S. resident, have been living in Midland for at least a month and be a first-time home buyer. The program works to engage the family being assisted and requires they attend a home buyer training course and put in an investment of their own to obtain the home, Cantu said.

Source: My West Texas

low income home buying program - Bookshelf


Winning the Home Buying Game
391 pages 		Winning the Home Buying Game

Creator: Melvin Barlow | Business & Economics - 2003-09-01
The guaranteed loan targets the low to moderate income home buyers. ... These state programs permit considerable flexibility in lending guidelines: Some ...
Publisher: Trafford Publishing
Programs in aid of the poor
300 pages 		Programs in aid of the poor

Creator: Sar A. Levitan | Business & Economics - 2003-04
Interestingly, the most aggressive program to promote home ownership for low- income families is the US Department of Agriculture's Section 502 Single Family ...
Publisher: Johns Hopkins Univ Pr
Black Enterprise
264 pages 		Black Enterprise

1992-02
The Realtor-mayor programs include home-ownership assistance for low- to moderate-income buyers, low-income unit construction or rehabilitation, ...

Federal And State Sponsored Home Buying Programs | Articles ...

by Jeremy Winters

The assistance made available to possible home buyers isn’t as limited as some might assume. In spite of the downturn in new home building, houses are nonetheless being bought and sold. There are actually new home buyers searching for a place to call home out looking around right now. They are seeking the best strategy to finance a brand new property and the federal government has subsidized a number of different programs to help. The Veterans Administration assists our active and retired military personnel purchase homes and FHA and HUD help civilians purchase houses. And there are yet other home buying programs made available by various states that help low income to moderate income households.

...

Read more...

low income home buying program - News


Home buyer assistance program expands citywide
My West Texas - Sep 16, 2011
In an effort to broaden its impact, the city's Community Development office is opening up the home buyer assistance program for citizens throughout Midland. The program that grants funds to low-income families for down payment and closing costs has

programs fix, sell more than 100 homes in Southwest Valley
AZ Central.com - Sep 16, 2011
Housing programs designed to turn foreclosures into affordable, refurbished homes for low- and moderate-income buyers are proving successful even as funding becomes scarcer, officials say. Neighborhood-stabilization programs administered by the county

Bergen County to Host Fair for Potential Home Buyers
Patch.com - Sep 16, 2011
County officials said the home ownership program was designed to help low and moderate income families "navigate the purchase of their first home." “Purchasing a home is often seen as a complicated and confusing endeavor,” said Bergen County Executive

Programs fix, sell more than 100 homes in Southwest Valley
Tucson Citizen - Sep 14, 2011
14, 2011, under Arizona Republic News Housing programs designed to turn foreclosures into affordable, refurbished homes for low- and moderate-income buyers in the Southwest Valley are proving successful even as funding becomes scarcer, officials say.

Sanger Granted Extension in Down Payment Assistance Program
KSEE - Sep 13, 2011
Sanger Granted Extension in Down Payment Assistance Program Since 2006 Sanger has awarded $450000 in extremely low-interest down payment assistance loans to first-time home buyers of low to moderate income. This $540000 extension of funds will allow Sanger to make additional loans for new home buyers in this

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