Section 235 homeownership assistance program

E837704

federal housing assistance program homeownership assistance program mortgage interest subsidy program

The Section 235 homeownership assistance program was a federal initiative that subsidized mortgage interest to help low- and moderate-income families purchase homes.

Try in SPARQL Jump to: Statements Referenced by

Statements (47)

Predicate	Object
instanceOf	federal housing assistance program ⓘ homeownership assistance program ⓘ mortgage interest subsidy program ⓘ
administeredBy	U.S. Department of Housing and Urban Development NERFINISHED ⓘ
administeredThrough	participating private mortgage lenders ⓘ
administrativeLevel	federal ⓘ
beneficiary	homebuyers who met income and underwriting criteria ⓘ
beneficiaryObligation	make regular mortgage payments ⓘ occupy the home as a principal residence ⓘ
benefitForm	ongoing monthly subsidy ⓘ reduction in borrower’s effective interest rate ⓘ
benefits	reduced effective mortgage interest rate for borrowers ⓘ
country	United States of America ⓘ surface form: United States
criticisms	concerns about long-term affordability after subsidies ended ⓘ exposure of low-income borrowers to foreclosure risk ⓘ risk of over-subsidizing purchases in weak housing markets ⓘ
effect	expanded access to mortgage credit for lower-income households ⓘ lowered monthly mortgage payments for eligible borrowers ⓘ
eligibilityCriterion	ability to qualify for a mortgage with participating lender ⓘ income limits based on area median income ⓘ purchase of an owner-occupied residence ⓘ
fundingSource	federal appropriations ⓘ
goal	increase homeownership among low- and moderate-income families ⓘ make mortgage payments affordable for eligible households ⓘ
implementationLevel	local housing markets via lenders ⓘ
implementedAs	interest subsidy paid directly to lender on behalf of borrower ⓘ
intendedOutcome	increase in homeownership rate among targeted income groups ⓘ stabilization of neighborhoods through increased ownership ⓘ
legalBasis	federal housing legislation of the United States ⓘ
mechanism	subsidized mortgage interest payments ⓘ
partOf	United States federal housing policy NERFINISHED ⓘ
policyDomain	social policy ⓘ urban policy ⓘ
policyInstrument	mortgage interest rate buy-down ⓘ
policyType	demand-side housing subsidy ⓘ
relatedConcept	federal mortgage assistance ⓘ housing affordability ⓘ subsidized homeownership ⓘ
relatedProgram	Federal Housing Administration mortgage insurance programs NERFINISHED ⓘ Section 8 housing assistance program ⓘ
risk	fiscal exposure for the federal government through subsidy commitments ⓘ potential for negative equity if housing prices declined ⓘ
sector	housing ⓘ
targetPopulation	first-time homebuyers ⓘ low-income families ⓘ moderate-income families ⓘ
timeHorizon	long-term homeownership support during subsidy period ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Housing and Urban Development Act of 1968 → createdProgram → Section 235 homeownership assistance program ⓘ