For instance, take people on section 8 they have their rent subsidized, so do they also have something where they subsidize mortgage payments to help people to be able to buy houses and afford their mortgage payments, reason i ask is i see all these new developments popping up where there used to be housing projects, are they giving these new houses to these idiots and subsidizing mortgages for them??Does the federal govt have a program which subsidizes mortgage payment?
Those are probably still the project houses there.
But, yes, HUD does have programs for the low income to buy specific houses (not any house) in areas that they are trying to improve via home ownership. All of those houses are in ';bad'; neighborhoods. I have seen them buy up blocks in CA and build new houses for the low income.Does the federal govt have a program which subsidizes mortgage payment?
none that I know about
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