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2. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to prevent the condition of foreclosure.

3. Low-Income Housing Tax Credit - Wikipedia

   en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

   Living spaces. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use ...

4. Affordable housing - Wikipedia

   en.wikipedia.org/wiki/Affordable_housing

   The Federal Government provides funding to communities to support homeless assistance programs. The Department of Housing and Urban Development (HUD) is the largest source of Federal funds, providing $2.6 billion combined via the Continuum of Care (CoC) program and Emergency Solution Grant program alone in 2019.

5. USDA home loan - Wikipedia

   en.wikipedia.org/wiki/USDA_home_loan

   Mortgage Insurance: USDA Loans require 1.0% of the loan amount in up front funding fee, and a monthly mortgage insurance premium based on up to 0.5% of the balance annually. The annual premium is divided by 12 to arrive at the premium charge per month. Effective 10/1/19, the annual fee is 0.35%. [5]

6. Owner-occupancy - Wikipedia

   en.wikipedia.org/wiki/Owner-occupancy

   v. t. e. Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1] The home can be a house, such as a single-family house, an apartment, condominium, or a housing cooperative. In addition to providing housing, owner-occupancy ...

7. Habitat for Humanity - Wikipedia

   en.wikipedia.org/wiki/Habitat_for_Humanity

   Habitat for Humanity International ( HFHI ), generally referred to as Habitat for Humanity or Habitat, is a U.S. non-governmental, and tax-exempt 501 (C) (3) nonprofit organization which seeks to build affordable housing. [1] It was founded in 1976 by couple Millard and Linda Fuller. The international operational headquarters are located in ...