Federal home program

Need advice? Contact a HUD-approved housing counselor or call Need help with your downpayment? State and local governments offer programs that can help. Find a program near you. Skip to main content. The most recent reports are listed below. Browse reports by selecting the next page or use the filters on the left to find specific reports. All Rent and Income Limits. Please enable JavaScript in your web browser; otherwise some parts of this site might not work properly.

The Department of Housing and Urban Development HUD offers a variety of federal programs that may be able to help you purchase a home if you qualify for assistance:. In addition to all the programs, HUD funds approved housing counseling agencies throughout the country that can provide advice on many housing-related topics, including buying a home. Use this map to find one in your state.

If you are interested in a foreclosure-related property, reach out to a licensed real estate agent who will be able to advise you on when the property may be available for purchase. The down payment and closing costs are low. A newly eligible jurisdiction also must formally notify HUD of its intent to participate in the program. Participating jurisdictions may choose among a broad range of eligible activities, using HOME funds to provide home purchase or rehabilitation financing assistance to eligible homeowners and new homebuyers; build or rehabilitate housing for rent or ownership; or for "other reasonable and necessary expenses related to the development of non-luxury housing," including site acquisition or improvement, demolition of dilapidated housing to make way for HOME-assisted development, and payment of relocation expenses.

PJs may use HOME funds to provide tenant-based rental assistance contracts of up to 2 years if such activity is consistent with their Consolidated Plan and justified under local market conditions. This assistance may be renewed. Up to 10 percent of the PJ's annual allocation may be used for program planning and administration. HOME-assisted rental housing must comply with certain rent limitations. The program also establishes maximum per unit subsidy limits and homeownership value limits.

Some special conditions apply to the use of HOME funds.