Programs

  Rehabilitation Programs:

                    Rehabilitation

    * Assist with loans up to $150,000. at a 1% interest rate to rehabilitate or replace those housing units that need this assistance. Elders age 62 years and older receive this assistance in the form of a grant.

                Self-Help

   * Assist with loans up to $45,000. at a 1% interest rate to provide technical assistance and materials to perform renovation rehavilitation, and/or new construction of primary residence. Elders age 62 years and older receive this assistance in the form of a grant.

                Elder Heating & Air Purification

     * This program assists Elders 62 and older with heat, air conditioning, or air purification.

 Rental Programs:

                    Low Rent

    * This program provides rental units, with rent based on income, for the benefit and well being of our communities and residents.

                Student Rental Assistance

     * Purpose is to allow applicants the choices and opportunities that would not be available without housing assistance while attending school. Student must maintain a 2.5 GPA, YIHA will assist for up to 5 years.

 

 Home Ownership Programs:

                    Mutual Help Home Ownership

     * Gives "lower income" applicants the opportunity to achieve home ownership. In return the hombuyer shall make a contricution to the project, make monthly payments based on income, to provide maintenance, and to satisfy all other program requirements.

                Down Payment Assistance

     * Provies low-income applicants expanded opportunities for home ownership by giving a 20% down payment with a maximum of $35,000. plus closing costs up to $5,000. YIHA staff shall refer applicants to approved lenders. These lenders shall work directly with the applicant and YIHA to determine the purchase price range of a home for which the applicant qualifies. The applicant then shall be responsible for searching and selecting a home to purchase or build within the given price range.

                Forclosure

      * This program assists homeowners that received Down Payment Assistance in jeopardy of losing their home, to no fault of their own. YIHA may purchase the home and rent or sell back to client.

                Individual Development Account

       * The purpose of this program is to provide low-income applicants the expanded opportunitites for homeownership by allowing them to save money on a monthly basis for up to 5 years. YIHA will then match up to $25,000. to put down on a home.