Urgent Deadline! HUD’s Disaster Housing Programs With HUD Deputy Director Eric McDowel
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Urgent Deadline! HUD’s Disaster Housing Programs With HUD Deputy Director Eric McDowel
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In this episode of 'Three Homeless Guys', the hosts discuss the aftermath of the Palisades fire and the available HUD programs to assist affected residents. Eric McDowell from HUD explains the 203H program, which offers 100% financing for disaster victims, and the 203K program for home rehabilitation. The conversation covers eligibility, application processes, and the importance of meeting deadlines for assistance. The hosts emphasize the urgency of applying before the January 7th deadline and provide resources for listeners to navigate the process effectively.
Takeaways
The deadline for applying for HUD assistance is January 7th.
The 203H program offers 100% financing for disaster victims.
Renters affected by the fire can qualify for the 203H program.
Homeowners can combine the 203H and 203K programs for rebuilding.
Lenders may have different participation levels in these programs.
Documentation requirements are flexible for disaster victims.
The 203K program allows for home renovations and improvements.
Community outreach is essential for informing residents about available aid.
HUD provides resources for finding eligible lenders.
The application process can be initiated quickly if a property is identified.