For more information on the above and many other programs available or for a no cost consultation

Contact Katrice Collins - Sales Manager: 925-812-2293 or

Grant Programs & Other Purchase Programs

HUD Programs

HUD regulates the two housing government-sponsored enterprises (GSEs), which are the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Company (Freddie Mac), each being chartered by Congress to create a secondary market for residential mortgage loans. These GSEs are the largest source of housing finance in the United States

In October 2000, HUD published a new final rule which significantly increased the percentage of business the GSEs are required to devote to specific affordable housing goals. These goals are:

  • Low-and Moderate-Income Goal: At least 50% of the dwelling units finance by each GSEs mortgage purchase must be for families with incomes no greater than area median income (AMI), defined as median income for the metropolitan area or non metropolitan county. The corresponding goal was 42% for 1997-2000.
  • Special Affordable Goal: At least 20% of the dwelling units financed by each GSEs mortgage purchases must be for very low-income families (those with incomes no greater than 60% of AMI) of for low income families (those with incomes no greater than 80% of AMI) living in low-income areas. The corresponding goal was 14% for 1997-2000.

More information on Specific Programs offered through HUD