HOUSING AMERICA ANNOUNCES THE IMPLEMENTATION OF TWO NEW PROGRAMS

Press Releases

Released by Housing America Corporation
May. 1st, 2009

Housing America Corporation will put into operation two New Programs funded by the Arizona Department of Housing & the Arizona Housing Finance Authority effective May 1, 2009.

The Federal Stimulus plans have provided opportunities that will allow the Arizona Department of Housing and the Arizona Housing Finance Authority to continue to sustain down-payment and closing cost assistance to eligible borrowers.

As noted in the Arizona Department of Housing NSP Action Plan, the Department will use a portion of its allocation for a deep discount purchase program called "Your Way Home AZ". Further information is available on the Your Way Home AZ website http://yourwayhomeaz.com or contact Housing America Corporation 928-627-4221.

On September 26, 2008, the U.S. Housing and Urban Development (HUD) announced its intent to allocate a total of $3.92 billion to all states and particularly hard-hit areas trying to respond to the effects of high foreclosures. HUD's new Neighborhood Stabilization Program (NSP) will provide targeted emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.

The Arizona Housing Finance Authority is implementing a new first-time homebuyer program which will be administered in a streamlined and expedient process. The MCC Plus Homebuyer Down Payment Assistance Program must be used in conjunction with the Mortgage Credit Certificate Program. The MCC will offer assistance in the amount of 5% of purchase price, that can be used as down payment or closing costs. The Mortgage Credit Certificate Program operates as federal income tax credit which reduces the borrower’s income taxes and in effect creates additional income for the borrower. This program is administered by a network of non-profit agencies including Housing America Corporation in all areas of Arizona outside of Maricopa and Pima counties.

More Press Releases

Title		Pub. Date

	Housing America Corporation was awarded $1,000,000 grant through the Federal Home Loan Bank of San Francisco’s Affordable Housing Program (AHP).	Dec 11th 2009
	New Board Director - Jim Donahue	Oct 5th 2009
	New Executive Director	Aug 27th 2009
	Housing America Will No Longer Take Applications For Arizona Department Of Housing; Homes For Arizona Initiative	May 1st 2009
	HOUSING AMERICA ANNOUNCES THE IMPLEMENTATION OF TWO NEW PROGRAMS	May 1st 2009
	Foreclosure Intervention Workshops Now Available	Mar 2nd 2009
	Grand Opening Of Hud Section 202 Apartments Valle Del Desierto Independent Living For Very Low Income Seniors In Somerton, Az	Feb 9th 2009
	Housing America Received A $20,000 Grant From Bank Of America For Foreclosure Preventioin	Nov 1st 2008
	Housing America Received A $25,000 Grant From Jpmorgan Chase For Development And Expansion Of Affordable Housing Programs	Nov 1st 2008
	Housing America Received A $15,000 Grant From Wells Fargo Homeownership Foundation For Foreclosure Intervention Services	Nov 1st 2008
	Housing America Received A $6,000 Grant From National Bank Of Arizona For Foreclosure Preventioin	Mar 30th 2008

Housing America Corporation

130 N. State Avenue
P.O. Box 600
Somerton, AZ 85350

928-627-4221
Fax 928-627-4213

Kingman Office:

2515 Kingman Avenue
Kingman, AZ 86401

928- 718-1888
Fax 928-718-1808