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Form 3520-A Birmingham Alabama: What You Should Know
Use code: “BRADFORD” for 25% off your next purchase. Also visit our new store online. FEDERAL SAVINGS ASSISTANCE CFPB SAVINGS THROUGH THE HOUSING AND URBAN DEVELOPMENT Federal Deposit Insurance Corporation (FCC) offers several innovative programs that offer federal savings and interest to eligible homeowners and developers. The programs have been designed to help promote homeownership and help communities meet key housing and housing-related goals. HARP — Housing Assisted Pay for Rent Program — FEDERAL RESERVE BOARD SECURITIES & EXCHANGE COMMISSION This new program offers Fannie Mae and Freddie Mac the flexibility to provide funds to qualifying HUD-assisted low- and moderate-income families. This program is financed by a one-time contribution of 5 percent of the eligible mortgage interest on a mortgage subject to the requirements of Section 8(d) of the United States Housing Act of 1937. The first 3 years (up to total amount of 500,000) of the program is funded for the purpose of providing rental assistance payments to any qualified HUD-assisted family for the term of any eligible mortgage that is qualified under Section 8 of the United States Housing Act of 1937. The first 3 years of HARP have zero upfront administrative fee and no funding commitment. Fannie Mae/Freddie Mac, Inc., is the Administration for Mortgage Lending; Freddie Mac, Inc., is the Secretary of the United States, which is the Board of Governors of the Federal Reserve System. Settlement Assistance in Housing for the Disabled — DEVELOPMENT COUNCIL The Department of Housing and Urban Development (HUD) provides assistance that makes it easier for households of all sizes to purchase or rent housing, which includes homeownership, affordability, and preservation. The Office of Disability Employment Policy (ODER) works with HUD agencies, community partners, and local communities to address the barriers and challenges faced by individuals with disabilities accessing, holding, and participating in the housing market, and to develop effective approaches to this population. HUD Offers Loans for Disabled Homeowners Through Affordable Communities (ACH) (HUD-OIG-201405081S). The HUD/OIL program promotes affordable housing and economic development by making available loan guarantees and other forms of credit to developers of affordable housing.
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