What is a HUD home?
REHABILITATION ACTIVITIES This chapter describes how HOME funds may be used to assist owners in the rehabilitation of owner-occupied housing. Eligible activities, forms of assistance and property types are covered in this chapter. It also covers program design and implementation issues focusing on how to determine 95 percent of median value, as well
Can home funds be used for rehabilitation activities?
The moderate rehabilitation program provides project-based rental assistance for low income families. The program was repealed in 1991 and no new projects are authorized for development. Assistance is limited to properties previously rehabilitated pursuant to a housing assistance payments (HAP) contract between an owner and a Public Housing Agency (PHA).
What is the home program?
Sep 16, 2020 · HOME Investment Partnerships Program (HOME) funds may be used to assist existing homeowners with the repair, rehabilitation, or reconstruction of owner-occupied units. Whenever HOME funds are used for rehabilitation activities, the work must be performed according to the Participating Jurisdiction (PJ)'s written rehabilitation standard and the unit …
What is the Moderate Rehabilitation Program?
Grants to states and units of general local government to implement local housing strategies designed to increase homeownership and affordable housing opportunities for low and very low-income Americans. Nature of Program: Participating jurisdictions may use HOME funds for a variety of housing activities, according to local housing needs. Eligible uses of funds include …
What is mod rehab?
The moderate rehabilitation (Mod Rehab) program was designed in 1978 to be an expansion of the rental certificate program. The rental certificate program was initially amended to permit moderate levels of rehabilitation to upgrade and preserve the nation's housing stock. Although the rental certificate program stimulated maintenance ...
What is moderate rehabilitation?
What is the moderate rehabilitation program? The moderate rehabilitation program provides project-based rental assistance for low income families. The program was repealed in 1991 and no new projects are authorized for development.
What is HAP in housing?
Assistance is limited to properties previously rehabilitated pursuant to a housing assistance payments (HAP) contract between an owner and a Public Housing Agency (PHA).
What is a home investment partnership?
HOME Investment Partnerships Program (HOME) funds may be used to assist existing homeowners with the repair, rehabilitation, or reconstruction of owner-occupied units. Whenever HOME funds are used for rehabilitation activities, the work must be performed according to the Participating Jurisdiction (PJ)'s written rehabilitation standard and the unit must be brought up to the applicable state or local code. This means that PJs may not undertake some forms of special purpose homeowner repair programs, such as: weatherization programs; emergency repairs programs; or handicapped accessibility programs.
What is the NAHA 215B?
Section 215 (b) of NAHA requires that the initial purchase price or after-rehabilitation value of homeownership units assisted with HOME funds not exceed 95 percent of the area median purchase price for single family housing, as determined by HUD.
How long do you have to commit to PJs?
PJs must commit HOME funds within 24 months of HUD's obligation of its grant, or HUD will recapture the funds from the PJ's HOME Investment Trust account. This Notice explains what constitutes an eligible commitment of HOME funds for the purposes of meeting the 24-month commitment deadline.
What is the Path program?
PATH (Partnership for Advancing Technology in Housing) is a new private/public effort to develop, demonstrate, and gain widespread acceptance for the "Next Generation" of American housing. Through the use of new and innovative technologies the goal of PATH is to improve the quality, durability, environmental efficiency, ...
What is an auxiliary electric heater?
Auxiliary electric heaters are used to provide the extra heating capacity the system requires in the heating season.
How high should a porch rail be?
Most codes for new construction require that porches, balconies, and decks located more than 30 inches (760 mm) above the ground have guards not less than 36 inches (915 mm) high and intermediate rails that will not allow the passage of a sphere 4 inches (100 mm) in diameter.
What are the different types of windows?
The interior condition and hardware of windows will be examined during the interior inspection. There are eight types of windows and six types of frame material in general use in residential buildings. Frame materials are plastic, aluminum, steel, wood, plastic- clad wood, and metal-clad (steel or aluminum) wood.
How long does brass piping last?
Red is more common and has the longer service life—up to 70 or more years. The service life of yellow brass is about 40 years. Old brass piping is subject to pinhole leaking due to pitting caused by the chemical removal of its zinc content by minerals in the water.
What is a hot water system?
Hot water heating systems, like warm air systems, are of two types, forced or “hydronic” and gravity. Gravity systems are some- times found in older single-family houses, but in most cases such systems have been replaced or converted to a forced hot water system.
What happens if a compressor is not working?
If it isn’t, either the compressor is faulty or there is not enough refrig- erant in the system. If the compressor, condenser, and condenser fan are part of a split system and are located in a separate unit outside, check the air flow around the outside unit to make sure it is unobstructed.
What does HUD mean in a home?
HUD homes are sold as is—meaning what you see is what you get. If the leaky roof or electrical needs repairs, it’s all on you, the prepared home buyer, to cover the costs. And if you’re aiming to be an owner-occupant, you’ll likely want to square away any renovations quickly.
What are the benefits of HUD?
Benefits of a HUD home. HUD doesn’t want to own these foreclosed homes any longer than it needs to, so these homes are priced to move, often below market value. Plus, the government agency offers special incentives to buyers in certain markets to sweeten the deal on a HUD-owned home.
Who is Cathie Ericson?
first home foreclosure home buying Housing and Urban Development (HUD) Cathie Ericson is a journalist who writes about real estate, finance, and health. She lives in Portland, OR. Follow @CathieEricson. Get Pre-Approved Connect with a lender who can help you with pre-approval.
Approaches to Homeowner Rehabilitation
There are a wide variety of rehabilitation approaches that are possible under the HOME and CDBG programs, including:
Financing and Undertaking Homeowner Rehabilitation
This section highlights the rules related to financing and managing homeowner rehabilitation programs. It describes the partners who are typically involved in such programs, the various financing tools, eligible costs, property standards, homeowner incomes, and other Federal requirements.
