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New Programs Target Low-Income Buyers New Programs Target Low-Income Buyers, an article from Realtor Magazine Online, reports that many new state and local initiatives are expected to roll out over the next few weeks.  Under the federal Neighborhood Stabilization Program, these initiatives will help middle- and low-income families buy foreclosed homes in hard-hit neighborhoods.  Only households earning no more than 120% of the median income will be eligible.  The money must be used for primary residences in neighborhoods with the highest incidences of foreclosures and subprime loans.  A lease-to-own program will be part of the offerings.  Altogether, $5 billion has been available for these initiatives.  http://www.realtor.org/RMODaily.nsf/pages/News2009062902   www.judesandvall.com     Posted by Jude Sandvall on 06/30/2009 11:09 AM   Comments (0)   Low-Income Program in the Home Buying Channel   lowincome buyers programs   0 Comments on New Programs Target Low-Income Buyers Notify me of new comments: Email: What does the graphic say? Leave a response… Name: Email: (optional) Comment: What does the graphic say?

Jude Sandvall

Aurora, CO

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