|Housing Assistance Programs|
ONGOING REHABILITATION PROGRAM
I. EMERGENCY GRANT PROGRAM
COMPREHENSIVE HOUSE COUNSELING PROGRAM
Comprehensive Housing Counseling includes counseling and advice to potential and existing renters, homebuyers and homeowners.
The program provides a full range of services, advice, and assistance to housing consumers to assist them in improving their housing conditions and meeting the responsibilities of homeownership and tenancy.
Comprehensive Housing Counseling is limited to advice and assistance to clients in the following components:
Our Homeless Prevention Program, an expansion of the Housing Counseling Program, provides one time financial assistance to lower income renters or mortgagors who are in default of their monthly payment
HOMEBUYERS ASSISTANCE PROGRAM
The Homebuyer Assistance Program is designed to assist households with overcoming what is usually the biggest hurdle to such households purchasing a house: the initial cash layout (e.g. down payment, fees, closing costs, etc.). Under this program we will assist qualified households whose income does not exceed the 80% moderate-income limits for the area as established by HUD. We can provide funding for principal reduction to make homeownership a reality, however the applicant must be able to obtain private mortgage financing. The maximum assistance available is $5,000 per household for qualified buyers.
For Federal Fiscal Year 2014 (September 1st 2014 to August 31st, 2015) the Single Family Unit Home Price cannot exceed $142,500.00 for an existing home and $195,000.00 for new home construction.
ANNUAL INCOME LIMITS DETERMINED BY HUD
FOR LAKE COUNTY INDIANA
Income Limits are subject to change per HUD Guidelines, contact the office for current figures
NOTE: Lake County Community Economic Development Department’s Entitlement Area consists of:
AND ALL UNINCORPORATED AREA IN LAKE COUNTY.
FUNDING FOR THESE PROGRAMS, DESIGNED TO AFFORD SAFE COMFORTABLE LIVING CONDITIONS FOR FAMILIES AND TO ELIMINATE DETERIORATION OF PROPERTIES AND NEIGHBORHOODS, IS MADE AVAILABLE THROUGH GRANTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT