Posts Tagged ‘HUD rental assistant program

HUD Rental

Monday, May 11th, 2009

HUD Rental Assistant Program for Mississippi

The Hurricane Katrina caused many people lost their homes. There are still some of the Hurricane Katrina victims who are living in trailers. Home renters got the toughest hit after the Hurricane. They are not only lost their home rents but it is also hard to find new rentals. The focus after the Katrina is to rebuilding houses for those who own.

Regarding this situation, the US Government gives grant for real estate investors to provide more rental units for the Katrina victims. Mississippi received $262 million from HUD rental assistant program. The program aims to help owners of small rental properties to provide affordable rental housing for the Katrina victims. The HUD rental assistant program helps both investor and renters. This program provides a financial incentive for landlord to rent their units 20% below the market rates. It means that the renters can get cheaper rents.

The real estate investors who want to join the HUD rental assistant program must have one to four rental units. They should also commit to the programs for five years. After the contract ends, the landlord can leave the program and the government forgives the loan. What are you waiting for? If you join the HUD rental assistant program, you will get the benefits of the program and help the Katrina victims at the same time.


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