During this time of the financial credit meltdown congress has provided an opportunity for credit worthy individuals to be able to purchase properties. For 2008 they have increased the loan ceiling that they will cover to be tied to the median income of a county. Thereby, allowing those individuals who have traditional been shut out of the FHA loan market to have access to the federally insured loan market. Check out the amount of your county by going to this link:

These loans are currently approximate .375% cheaper than the conventional Fannie Mae and Freddie Mac loans.

With the number of foreclosures and short sales on the market you should expect to find property discounted 20-50%.

Now is the time for nonprofits to invest in creating affordable housing at an affordable price.

This entry was posted on Monday, March 10th, 2008 at 12:01 am and is filed under Human Resources, Business Plan, Strategic Planning, Consulting, Employee's benefits. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.