American Dream Down Payment Initiative
The American Dream Downpayment Assistance Act authorizes up to $200 million annually for fiscal years 2004 - 2007. ADDI will provide funds to all fifty states and to local participating jurisdictions that have a population of at least 150,000 or will receive an allocation of at least $50,000 under the ADDI formula. ADDI will provide downpayment, closing costs, and rehabilitation assistance to eligible individuals. The amount of ADDI assistance provided may not exceed $10,000 or six percent of the purchase price of the home, whichever is greater.
American Family Funds, Inc.
Nonprofit organization offers buyers assistance in obtaining a down payment through a gift program. Based in Mobile, AL.
The Center of Resources for Economic Education and Development, Inc. (CREED)
CREED, inc. is a non-profit 501 (c) (3) charitable organization that provides economic education to first-time home buyers and other people in the housing industry. This organization also offers down payment assistance programs to people who need help with a home purchase.
Genesis Program
This organization offers down payment grants to home buyers. These are in the form of gifts which do not require repayment.
HomeBuyer Funds.com
A website which offers users an opportunity to search local and regional areas for funding opportunities.
Rural Development Housing & Community Facilities Programs
The Housing and Community Facilities Programs provides a number of homeownership opportunities to rural Americans, as well as programs for home renovation and repair. HCFP also makes financing available to elderly, disabled, or low-income rural residents of multi-unit housing buildings to ensure they are able to make rent payments.
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