03.11.12
Help with housing single mothers
With the cost of living on the rise, many single parents have a hard time trying to come out. Most families that have both parents usually have two incomes. It is much easier to get ahead and pay off the mortgage, and thus eventually own your own home and not have to rely on renting an apartment. It is difficult for single mothers to make ends meet. This is because they carry the whole burden of being a parent, as well as the breadwinner, making it difficult to own your own home.
The good news is that the government recognizes that some people need more help than others, especially in housing. So, there are several public and private programs available to provide housing assistance for single mothers, especially those who are in a bad financial situation.
One of the most common ways a single mom to get home is through the Housing and Urban Development program, which is usually called the HUD . Program HUD is the federal government´s major program for helping very low-income families afford decent , safe and sanitary housing. HUD is working with lenders to get loans to people who would not normally qualify for a mortgage. This guarantee allows the lender to loan to someone who is considered a bad risk because the government pays part of the loan if the borrower defaults . HUD has a different program designed specifically for people who are in lower income groups. This program is called Housing Choice Vouchers program. As part of this program, low-income families with children , including those with only a mom can get vouchers to help pay their rent or mortgage payments . In § 8 housing vouchers are handled by special state bodies , so best to talk to a specific state agency that lives
WIC ( Women, Infants and Children) is another organization that can help provide housing for single mothers. This program is designed for single women with children aged 5 and under and provides coupons for free items every month. CoAbode is another organization that provides a way for single parents to find other single parents to share a house S. This means that they share household expenses, and therefore have more money left over for other items.
Therefore, there are many different types of financial aid for single mothers, it´s just a matter of knowing where to look.
