notes: Phase I - Homeowner's Grant Program The Hurricane Katrina Homeowner's Grant Program is designed to provide financial assistance to those homeowners outside the flood plain whose homeowner's insurance did not cover structural flood damage. Single-family homes, owner-occupied duplexes and manufactured housing including mobile homes are eligible for grants under this program. For more information about this program, please go to our website. The Online Application is no longer available for the Phase I - Homeowner's Assistance Grant Program. Your application status will be updated through the e-Grants site and can be accessed by using your user name and password, from our website. Phase II - Housing Needs Registration The Housing Needs Registration Program is designed to expand the Hurricane Katrina Homeowner's Grant Program to provide assistance to homeowners whose homes flooded but were otherwise not eligible for the original program. Currently, this program is accepting registrations. For more information about this program, and to learn how you can register, please go to our website Homeowner Assistance Call Center Contact the Call Center for technical assistance and/or questions concerning the Homeowner Assistance grant. The Call Center is staffed Monday thru Friday, 8 am to 5 pm and can be reached at the following: Toll-Free: 866-369-6302 Jackson area: 601-576-5700 contact@mshomehelp.gov Para mayor información acerca del plan de acción, por favor llamar a 866-884-2183. N?u quý v? có câu h?i nào, xin g?i. Mi?n phí: 866-884-2183 USDA www.usda.gov Single Family Housing: Section 502 Direct Loan - Build or Purchase Homes: $17.8 million for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $179 million supplemental allocation. Supplemental funds for Mississippi will be made available to the 49 counties affected by Hurricane Katrina. Guaranteed Single Family Housing Loan: Build or Purchase Homes - $47.7 million for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $1.3 billion supplemental allocation. Loan made by local lender - guaranteed by USDA, Rural Development Section 504 Repair Loan and Grant : Repair existing homes. Loan and grant eligibility limited to very low and low income families. Grant eligibility limited to age 62 and older - $888 thousand loan, $662 thousand grant for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $30 million loan and $20 million grant. Housing Preservation Grant - Repair existing homes: Applicant must be county, town, or non-profit organization. Grantee may make low interest loans or grants to very low or low income homeowners. - $10 million nationwide Multi-Family Housing Section 515 Multi-Family Housing: Build or purchase multi-family housing for very low, low, and moderate income tenants. - $100 million nationwide. Section 538 Guaranteed Multi-Family Housing: Build or purchase multi- family housing. - $100 million nationwide. SBA www.sba.gov SBA loans are available with interest rates as low as 2.687% for homeowners and renters and 4.000% for businesses, with a maximum term of up to 30-years. The loan limits are: Up to $200,000 to homeowners for the repair or replacement of real estate * Up to $40,000 to homeowners and renters for personal property* Up to $1,500,000 to businesses for real estate, business contents and economic injury* *SBA loans are for uninsured or uncompensated losses, including the insurance deductibles. Insurance does not have to be settled before applying with SBA. Applicants are encouraged to submit their SBA Disaster Loan Applications as soon as possible. In a Presidential declaration, applicants should first register with FEMA at 1-800-621-3362. Those applicants referred to SBA will receive an SBA Disaster Loan Application through the mail. Mississippi Home Corporation www.mshomecorp.com Home Owners: Revolving Loan Fund ( RLF ): MHC administers this program for the State that provides acquisition, development, construction and rehabilitation loans for single-family and multi-family housing. Currently approximately is $3,577,074.00 available to new developments. Loan term ranges up to 3 years for acquisition and development) and up to 7 years for multi-family rental with amortizations to 15/20 years. Interest rate is 3%. Construction Loan Fund ( HB530 ): Provides financing for the construction of single-family owner-occupied housing. This loan fund is funded by: (a) the State of Mississippi, through Mississippi Development Authority ($5,000,000.00), (b) FannieMae ($5,000,0900.00) and (c) MHC ($2,000,000.00). Approximate commitments currently outstanding FNMA $1,500,000, MDA $3,000,000 and MHC $1,900,000. Loan term is typically 9 months and the interest rate is a blend of rates from the participants based on percentage participation, recently about 4.5%. Rental Housing: Housing Tax Credit 9% ( HTC ): A competitively scored application program based on IRS Code Section 42 the Tax Credit program that provides a cash infusion into the cost of development/construction of single-family and multifamily housing thereby providing market rate housing at below market rate rents for working Mississippians of low to moderate income. The developments must remain rental for at least 15 years and MHC must monitor compliance with the Code during the rental term. During 2006 MHC will allocate approximately $43.5 million in tax credits that equates to about $400 million in development/construction costs, ($43.5 x 10 years x .92 sales price = $400.2), with like amounts for 2007 and 2008. In 2009 MHC's annual allocation will revert to approximately $5.5 million. Tax Credits are allocated in accordance with the requirements of the Qualified Allocation Plan (QAP) approved annually by the Governor. Housing Tax Credit 4% ( HTC-Bond ): MHC acts as a conduit issuer for HTC-Bond developments that receive allocations from MDA. Applications are non-competitive and developments must comply with the QAP. Owner-Occupied Housing: Mortgage Revenue Bond ( MRB ): The MRB utilizes FHA, VA, Rural Development & Conventionally Insured loan programs to offer low to moderate income housing opportunities at an interest rate typically 37.5 +/- basis points below the current market rate. Additionally, down payment and closing cost assistance up to 3% of the loan amount is typically available. "GO Zone" legislation provides for sales price of homes up to $242,000.00, family incomes up to $70,840.00 and the first-time homebuyer requirement was waived. "GO Zone" legislation also authorized single-family home repair loans up to $150,000; however, to date MHC has not identified a loan servicer for these loans under a bond issuance. Mortgage Credit Certificate ( MCC ): Buyer can claim credit against federal taxes for a portion of interest on mortgage. Down Payment Assistance Loan ( MCC ): Second mortgage loan to help buyers with down payment and closing costs. Housing Counseling and Home Buyer Education ( HBE ): Pre-purchase homebuyer education and credit repair counseling in preparation for homeownership. HUD www.hud.gov/mississippi HUD Single Family Homeownership Programs to Assist Katrina Victims Website: http://www.hud.gov/local/ms/working/localpo/sfhsg.cfm HUD/FHA Mortgage Foreclosure Relief Waiver: A moratorium on foreclosures on property directly affected by the disasters is in effect for a ninety (90) day period from the date the President declared a disaster to have existed. The moratorium applies to the initiation of foreclosures AND foreclosures already in process. -> Phase I - Homeowner's Grant Program The Hurricane Katrina Homeowner's Grant Program is designed to provide financial assistance to those homeowners outside the flood plain whose homeowner's insurance did not cover structural flood damage. Single-family homes, owner-occupied duplexes and manufactured housing including mobile homes are eligible for grants under this program. For more information about this program, please go to our website. The Online Application is no longer available for the Phase I - Homeowner's Assistance Grant Program. Your application status will be updated through the e-Grants site and can be accessed by using your user name and password, from our website. Phase II - Housing Needs Registration The Housing Needs Registration Program is designed to expand the Hurricane Katrina Homeowner's Grant Program to provide assistance to homeowners whose homes flooded but were otherwise not eligible for the original program. Currently, this program is accepting registrations. For more information about this program, and to learn how you can register, please go to our website Mitigation Grants: Eligible homeowners may also receive a separate grant of up to $30,000 to defray the costs of elevating their homes. This grant would be made available to homeowners who meet the eligibility and program requirements. Homeowner Assistance Call Center Contact the Call Center for technical assistance and/or questions concerning the Homeowner Assistance grant. The Call Center is staffed Monday thru Friday, 8 am to 5 pm and can be reached at the following: Toll-Free: 866-369-6302 Jackson area: 601-576-5700 contact@mshomehelp.gov Para mayor informació® ¡cerca del plan de acci󮬠por favor llamar a 866-884-2183. N?u qu?ó £¢u h?i n௬ xin g?i. Mi?n phíº 866-884-2183 USDA www.usda.gov Single Family Housing: Section 502 Direct Loan - Build or Purchase Homes: $17.8 million for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $179 million supplemental allocation. Supplemental funds for Mississippi will be made available to the 49 counties affected by Hurricane Katrina. Guaranteed Single Family Housing Loan: Build or Purchase Homes - $47.7 million for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $1.3 billion supplemental allocation. Loan made by local lender - guaranteed by USDA, Rural Development Section 504 Repair Loan and Grant : Repair existing homes. Loan and grant eligibility limited to very low and low income families. Grant eligibility limited to age 62 and older - $888 thousand loan, $662 thousand grant for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $30 million loan and $20 million grant. Housing Preservation Grant - Repair existing homes: Applicant must be county, town, or non-profit organization. Grantee may make low interest loans or grants to very low or low income homeowners. - $10 million nationwide Multi-Family Housing Section 515 Multi-Family Housing: Build or purchase multi-family housing for very low, low, and moderate income tenants. - $100 million nationwide. Section 538 Guaranteed Multi-Family Housing: Build or purchase multi- family housing. - $100 million nationwide. SBA www.sba.gov SBA loans are available with interest rates as low as 2.687% for homeowners and renters and 4.000% for businesses, with a maximum term of up to 30-years. The loan limits are: Up to $200,000 to homeowners for the repair or replacement of real estate * Up to $40,000 to homeowners and renters for personal property* Up to $1,500,000 to businesses for real estate, business contents and economic injury* *SBA loans are for uninsured or uncompensated losses, including the insurance deductibles. Insurance does not have to be settled before applying with SBA. Applicants are encouraged to submit their SBA Disaster Loan Applications as soon as possible. In a Presidential declaration, applicants should first register with FEMA at 1-800-621-3362. Those applicants referred to SBA will receive an SBA Disaster Loan Application through the mail. Mississippi Home Corporation www.mshomecorp.com Home Owners: Revolving Loan Fund ( RLF ): MHC administers this program for the State that provides acquisition, development, construction and rehabilitation loans for single-family and multi-family housing. Currently approximately is $3,577,074.00 available to new developments. Loan term ranges up to 3 years for acquisition and development) and up to 7 years for multi-family rental with amortizations to 15/20 years. Interest rate is 3%. Construction Loan Fund ( HB530 ): Provides financing for the construction of single-family owner-occupied housing. This loan fund is funded by: (a) the State of Mississippi, through Mississippi Development Authority ($5,000,000.00), (b) FannieMae ($5,000,0900.00) and (c) MHC ($2,000,000.00). Approximate commitments currently outstanding FNMA $1,500,000, MDA $3,000,000 and MHC $1,900,000. Loan term is typically 9 months and the interest rate is a blend of rates from the participants based on percentage participation, recently about 4.5%. Rental Housing: Housing Tax Credit 9% ( HTC ): A competitively scored application program based on IRS Code Section 42 the Tax Credit program that provides a cash infusion into the cost of development/construction of single-family and multifamily housing thereby providing market rate housing at below market rate rents for working Mississippians of low to moderate income. The developments must remain rental for at least 15 years and MHC must monitor compliance with the Code during the rental term. During 2006 MHC will allocate approximately $43.5 million in tax credits that equates to about $400 million in development/construction costs, ($43.5 x 10 years x .92 sales price = $400.2), with like amounts for 2007 and 2008. In 2009 MHC's annual allocation will revert to approximately $5.5 million. Tax Credits are allocated in accordance with the requirements of the Qualified Allocation Plan (QAP) approved annually by the Governor. Housing Tax Credit 4% ( HTC-Bond ): MHC acts as a conduit issuer for HTC-Bond developments that receive allocations from MDA. Applications are non-competitive and developments must comply with the QAP. Owner-Occupied Housing: Mortgage Revenue Bond ( MRB ): The MRB utilizes FHA, VA, Rural Development & Conventionally Insured loan programs to offer low to moderate income housing opportunities at an interest rate typically 37.5 +/- basis points below the current market rate. Additionally, down payment and closing cost assistance up to 3% of the loan amount is typically available. "GO Zone" legislation provides for sales price of homes up to $242,000.00, family incomes up to $70,840.00 and the first-time homebuyer requirement was waived. "GO Zone" legislation also authorized single-family home repair loans up to $150,000; however, to date MHC has not identified a loan servicer for these loans under a bond issuance. Mortgage Credit Certificate ( MCC ): Buyer can claim credit against federal taxes for a portion of interest on mortgage. Down Payment Assistance Loan ( MCC ): Second mortgage loan to help buyers with down payment and closing costs. Housing Counseling and Home Buyer Education ( HBE ): Pre-purchase homebuyer education and credit repair counseling in preparation for homeownership. HUD www.hud.gov/mississippi HUD Single Family Homeownership Programs to Assist Katrina Victims Website: http://www.hud.gov/local/ms/working/localpo/sfhsg.cfm HUD/FHA Mortgage Foreclosure Relief Waiver: A moratorium on foreclosures on property directly affected by the disasters is in effect for a ninety (90) day period from the date the President declared a disaster to have existed. The moratorium applies to the initiation of foreclosures AND foreclosures already in process.
cat_notes: -> added paragraph about the Mitigation Grant for homeowners 5/23/08 /ah
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notes: Phase I - Homeowner's Grant Program The Hurricane Katrina Homeowner's Grant Program is designed to provide financial assistance to those homeowners outside the flood plain whose homeowner's insurance did not cover structural flood damage. Single-family homes, owner-occupied duplexes and manufactured housing including mobile homes are eligible for grants under this program. For more information about this program, please go to our website. The Online Application is no longer available for the Phase I - Homeowner's Assistance Grant Program. Your application status will be updated through the e-Grants site and can be accessed by using your user name and password, from our website. Phase II - Housing Needs Registration The Housing Needs Registration Program is designed to expand the Hurricane Katrina Homeowner's Grant Program to provide assistance to homeowners whose homes flooded but were otherwise not eligible for the original program. Currently, this program is accepting registrations. For more information about this program, and to learn how you can register, please go to our website Homeowner Assistance Call Center Contact the Call Center for technical assistance and/or questions concerning the Homeowner Assistance grant. The Call Center is staffed Monday thru Friday, 8 am to 5 pm and can be reached at the following: Toll-Free: 866-369-6302 Jackson area: 601-576-5700 contact@mshomehelp.gov Para mayor información acerca del plan de acción, por favor llamar a 866-884-2183. N?u quý v? có câu h?i nào, xin g?i. Mi?n phí: 866-884-2183 USDA www.usda.gov Single Family Housing: Section 502 Direct Loan - Build or Purchase Homes: $17.8 million for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $179 million supplemental allocation. Supplemental funds for Mississippi will be made available to the 49 counties affected by Hurricane Katrina. Guaranteed Single Family Housing Loan: Build or Purchase Homes - $47.7 million for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $1.3 billion supplemental allocation. Loan made by local lender - guaranteed by USDA, Rural Development Section 504 Repair Loan and Grant : Repair existing homes. Loan and grant eligibility limited to very low and low income families. Grant eligibility limited to age 62 and older - $888 thousand loan, $662 thousand grant for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $30 million loan and $20 million grant. Housing Preservation Grant - Repair existing homes: Applicant must be county, town, or non-profit organization. Grantee may make low interest loans or grants to very low or low income homeowners. - $10 million nationwide Multi-Family Housing Section 515 Multi-Family Housing: Build or purchase multi-family housing for very low, low, and moderate income tenants. - $100 million nationwide. Section 538 Guaranteed Multi-Family Housing: Build or purchase multi- family housing. - $100 million nationwide. SBA www.sba.gov SBA loans are available with interest rates as low as 2.687% for homeowners and renters and 4.000% for businesses, with a maximum term of up to 30-years. The loan limits are: Up to $200,000 to homeowners for the repair or replacement of real estate * Up to $40,000 to homeowners and renters for personal property* Up to $1,500,000 to businesses for real estate, business contents and economic injury* *SBA loans are for uninsured or uncompensated losses, including the insurance deductibles. Insurance does not have to be settled before applying with SBA. Applicants are encouraged to submit their SBA Disaster Loan Applications as soon as possible. In a Presidential declaration, applicants should first register with FEMA at 1-800-621-3362. Those applicants referred to SBA will receive an SBA Disaster Loan Application through the mail. Mississippi Home Corporation www.mshomecorp.com -> Phase I - Homeowner's Grant Program The Hurricane Katrina Homeowner's Grant Program is designed to provide financial assistance to those homeowners outside the flood plain whose homeowner's insurance did not cover structural flood damage. Single-family homes, owner-occupied duplexes and manufactured housing including mobile homes are eligible for grants under this program. For more information about this program, please go to our website. The Online Application is no longer available for the Phase I - Homeowner's Assistance Grant Program. Your application status will be updated through the e-Grants site and can be accessed by using your user name and password, from our website. Phase II - Housing Needs Registration The Housing Needs Registration Program is designed to expand the Hurricane Katrina Homeowner's Grant Program to provide assistance to homeowners whose homes flooded but were otherwise not eligible for the original program. Currently, this program is accepting registrations. For more information about this program, and to learn how you can register, please go to our website Homeowner Assistance Call Center Contact the Call Center for technical assistance and/or questions concerning the Homeowner Assistance grant. The Call Center is staffed Monday thru Friday, 8 am to 5 pm and can be reached at the following: Toll-Free: 866-369-6302 Jackson area: 601-576-5700 contact@mshomehelp.gov Para mayor información acerca del plan de acción, por favor llamar a 866-884-2183. N?u quý v? có câu h?i nào, xin g?i. Mi?n phí: 866-884-2183 USDA www.usda.gov Single Family Housing: Section 502 Direct Loan - Build or Purchase Homes: $17.8 million for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $179 million supplemental allocation. Supplemental funds for Mississippi will be made available to the 49 counties affected by Hurricane Katrina. Guaranteed Single Family Housing Loan: Build or Purchase Homes - $47.7 million for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $1.3 billion supplemental allocation. Loan made by local lender - guaranteed by USDA, Rural Development Section 504 Repair Loan and Grant : Repair existing homes. Loan and grant eligibility limited to very low and low income families. Grant eligibility limited to age 62 and older - $888 thousand loan, $662 thousand grant for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $30 million loan and $20 million grant. Housing Preservation Grant - Repair existing homes: Applicant must be county, town, or non-profit organization. Grantee may make low interest loans or grants to very low or low income homeowners. - $10 million nationwide Multi-Family Housing Section 515 Multi-Family Housing: Build or purchase multi-family housing for very low, low, and moderate income tenants. - $100 million nationwide. Section 538 Guaranteed Multi-Family Housing: Build or purchase multi- family housing. - $100 million nationwide. SBA www.sba.gov SBA loans are available with interest rates as low as 2.687% for homeowners and renters and 4.000% for businesses, with a maximum term of up to 30-years. The loan limits are: Up to $200,000 to homeowners for the repair or replacement of real estate * Up to $40,000 to homeowners and renters for personal property* Up to $1,500,000 to businesses for real estate, business contents and economic injury* *SBA loans are for uninsured or uncompensated losses, including the insurance deductibles. Insurance does not have to be settled before applying with SBA. Applicants are encouraged to submit their SBA Disaster Loan Applications as soon as possible. In a Presidential declaration, applicants should first register with FEMA at 1-800-621-3362. Those applicants referred to SBA will receive an SBA Disaster Loan Application through the mail. Mississippi Home Corporation www.mshomecorp.com Home Owners: Revolving Loan Fund ( RLF ): MHC administers this program for the State that provides acquisition, development, construction and rehabilitation loans for single-family and multi-family housing. Currently approximately is $3,577,074.00 available to new developments. Loan term ranges up to 3 years for acquisition and development) and up to 7 years for multi-family rental with amortizations to 15/20 years. Interest rate is 3%. Construction Loan Fund ( HB530 ): Provides financing for the construction of single-family owner-occupied housing. This loan fund is funded by: (a) the State of Mississippi, through Mississippi Development Authority ($5,000,000.00), (b) FannieMae ($5,000,0900.00) and (c) MHC ($2,000,000.00). Approximate commitments currently outstanding FNMA $1,500,000, MDA $3,000,000 and MHC $1,900,000. Loan term is typically 9 months and the interest rate is a blend of rates from the participants based on percentage participation, recently about 4.5%. Rental Housing: Housing Tax Credit 9% ( HTC ): A competitively scored application program based on IRS Code Section 42 the Tax Credit program that provides a cash infusion into the cost of development/construction of single-family and multifamily housing thereby providing market rate housing at below market rate rents for working Mississippians of low to moderate income. The developments must remain rental for at least 15 years and MHC must monitor compliance with the Code during the rental term. During 2006 MHC will allocate approximately $43.5 million in tax credits that equates to about $400 million in development/construction costs, ($43.5 x 10 years x .92 sales price = $400.2), with like amounts for 2007 and 2008. In 2009 MHC's annual allocation will revert to approximately $5.5 million. Tax Credits are allocated in accordance with the requirements of the Qualified Allocation Plan (QAP) approved annually by the Governor. Housing Tax Credit 4% ( HTC-Bond ): MHC acts as a conduit issuer for HTC-Bond developments that receive allocations from MDA. Applications are non-competitive and developments must comply with the QAP. Owner-Occupied Housing: Mortgage Revenue Bond ( MRB ): The MRB utilizes FHA, VA, Rural Development & Conventionally Insured loan programs to offer low to moderate income housing opportunities at an interest rate typically 37.5 +/- basis points below the current market rate. Additionally, down payment and closing cost assistance up to 3% of the loan amount is typically available. "GO Zone" legislation provides for sales price of homes up to $242,000.00, family incomes up to $70,840.00 and the first-time homebuyer requirement was waived. "GO Zone" legislation also authorized single-family home repair loans up to $150,000; however, to date MHC has not identified a loan servicer for these loans under a bond issuance. Mortgage Credit Certificate ( MCC ): Buyer can claim credit against federal taxes for a portion of interest on mortgage. Down Payment Assistance Loan ( MCC ): Second mortgage loan to help buyers with down payment and closing costs. Housing Counseling and Home Buyer Education ( HBE ): Pre-purchase homebuyer education and credit repair counseling in preparation for homeownership. HUD www.hud.gov/mississippi HUD Single Family Homeownership Programs to Assist Katrina Victims Website: http://www.hud.gov/local/ms/working/localpo/sfhsg.cfm HUD/FHA Mortgage Foreclosure Relief Waiver: A moratorium on foreclosures on property directly affected by the disasters is in effect for a ninety (90) day period from the date the President declared a disaster to have existed. The moratorium applies to the initiation of foreclosures AND foreclosures already in process.

notes: Phase I - Homeowner's Grant Program The Hurricane Katrina Homeowner's Grant Program is designed to provide financial assistance to those homeowners outside the flood plain whose homeowner's insurance did not cover structural flood damage. Single-family homes, owner-occupied duplexes and manufactured housing including mobile homes are eligible for grants under this program. For more information about this program, please go to our website. The Online Application is no longer available for the Phase I - Homeowner's Assistance Grant Program. Your application status will be updated through the e-Grants site and can be accessed by using your user name and password, from our website. Phase II - Housing Needs Registration The Housing Needs Registration Program is designed to expand the Hurricane Katrina Homeowner's Grant Program to provide assistance to homeowners whose homes flooded but were otherwise not eligible for the original program. Currently, this program is accepting registrations. For more information about this program, and to learn how you can register, please go to our website Homeowner Assistance Call Center Contact the Call Center for technical assistance and/or questions concerning the Homeowner Assistance grant. The Call Center is staffed Monday thru Friday, 8 am to 5 pm and can be reached at the following: Toll-Free: 866-369-6302 Jackson area: 601-576-5700 contact@mshomehelp.gov Para mayor información acerca del plan de acción, por favor llamar a 866-884-2183. N?u quý v? có câu h?i nào, xin g?i. Mi?n phí: 866-884-2183 -> Phase I - Homeowner's Grant Program The Hurricane Katrina Homeowner's Grant Program is designed to provide financial assistance to those homeowners outside the flood plain whose homeowner's insurance did not cover structural flood damage. Single-family homes, owner-occupied duplexes and manufactured housing including mobile homes are eligible for grants under this program. For more information about this program, please go to our website. The Online Application is no longer available for the Phase I - Homeowner's Assistance Grant Program. Your application status will be updated through the e-Grants site and can be accessed by using your user name and password, from our website. Phase II - Housing Needs Registration The Housing Needs Registration Program is designed to expand the Hurricane Katrina Homeowner's Grant Program to provide assistance to homeowners whose homes flooded but were otherwise not eligible for the original program. Currently, this program is accepting registrations. For more information about this program, and to learn how you can register, please go to our website Homeowner Assistance Call Center Contact the Call Center for technical assistance and/or questions concerning the Homeowner Assistance grant. The Call Center is staffed Monday thru Friday, 8 am to 5 pm and can be reached at the following: Toll-Free: 866-369-6302 Jackson area: 601-576-5700 contact@mshomehelp.gov Para mayor información acerca del plan de acción, por favor llamar a 866-884-2183. N?u quý v? có câu h?i nào, xin g?i. Mi?n phí: 866-884-2183 USDA www.usda.gov Single Family Housing: Section 502 Direct Loan - Build or Purchase Homes: $17.8 million for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $179 million supplemental allocation. Supplemental funds for Mississippi will be made available to the 49 counties affected by Hurricane Katrina. Guaranteed Single Family Housing Loan: Build or Purchase Homes - $47.7 million for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $1.3 billion supplemental allocation. Loan made by local lender - guaranteed by USDA, Rural Development Section 504 Repair Loan and Grant : Repair existing homes. Loan and grant eligibility limited to very low and low income families. Grant eligibility limited to age 62 and older - $888 thousand loan, $662 thousand grant for Mississippi (regular allocation). For four states (MS, LA, AL, and TX) affected by Hurricanes Katrina and Rita -- $30 million loan and $20 million grant. Housing Preservation Grant - Repair existing homes: Applicant must be county, town, or non-profit organization. Grantee may make low interest loans or grants to very low or low income homeowners. - $10 million nationwide Multi-Family Housing Section 515 Multi-Family Housing: Build or purchase multi-family housing for very low, low, and moderate income tenants. - $100 million nationwide. Section 538 Guaranteed Multi-Family Housing: Build or purchase multi- family housing. - $100 million nationwide. SBA www.sba.gov SBA loans are available with interest rates as low as 2.687% for homeowners and renters and 4.000% for businesses, with a maximum term of up to 30-years. The loan limits are: Up to $200,000 to homeowners for the repair or replacement of real estate * Up to $40,000 to homeowners and renters for personal property* Up to $1,500,000 to businesses for real estate, business contents and economic injury* *SBA loans are for uninsured or uncompensated losses, including the insurance deductibles. Insurance does not have to be settled before applying with SBA. Applicants are encouraged to submit their SBA Disaster Loan Applications as soon as possible. In a Presidential declaration, applicants should first register with FEMA at 1-800-621-3362. Those applicants referred to SBA will receive an SBA Disaster Loan Application through the mail. Mississippi Home Corporation www.mshomecorp.com