House Foreclosures In Nj
What kind of housing assistance is available for an 89 year old man?
This old man is 89 years old. No money, no pension. This man can’t get a reverse mortgage because he took a home loan to pay medical bills many years ago. He is going to lose his house to foreclosure. He is still healthy, just really old. What kind of assistance can he get? He lives in Montclair, NJ.
Are you certain he cannot get a reverse mortgage? You would only need about 50% equity at 89 yrs old.
Other than that, I would speak to an elder law attorney to qualify him for Medicaid and assisted living.
Free Special Report: House Foreclosures In Nj
According to the National Coalition for Homeless Veterans (NCHV), about 23% of America’s homeless population are veterans. That is somewhere between 529,000 and 840,000 veterans who are homeless at some time each year. Because of this, the Department of Veterans Affairs and other non-profit organizations have devised a number of initiatives to help our homeless veterans. Here are some of the initiatives provided by VA for our veterans. (Source: US Department of Veteran Affairs)
VBA’s Acquired Property Sales for Homeless Providers
This program makes all the properties VA obtains through foreclosures on VA-insured mortgages available for sale to homeless provider organizations at a discount of 20 to 50 percent, depending on time of the market.
VA Excess Property for Homeless Veterans Initiative
This initiative provides for the distribution of federal excess personal property, such as hats, parkas, footwear, socks, sleeping bags, and other items to homeless Veterans and homeless veteran programs. A Compensated Work Therapy Program employing formerly homeless Veterans has been established at the Medical Center in Lyons, NJ to receive, warehouse, and ship these goods to VA homeless programs across the country.
HUD-VASH
This joint Supported Housing Program with the US Department of Housing and Urban Development (HUD) provides permanent housing and ongoing case management treatment services for homeless Veterans who would not be able to live independently without the support of case management. HUD’s Section 8 Voucher Program has designated over 10,0
00 vouchers to Public Housing Authorities (PHAs) throughout the country for Veterans who are homeless. This program allows Veterans to live in Veteran selected apartment units with a “Housing Choice” voucher. These vouchers are portable so that Veterans can live in communities served by their VA medical facility where case management services can be provided.
Supported Housing
This program provides ongoing case management services to homeless Veterans. Emphasis is placed on helping Veterans find permanent housing and providing clinical support needed to keep veterans in permanent housing. The staff in these programs operate without benefit of the specially dedicated Section 8 housing vouchers available in the HUD-VASH program but are often successful in locating transitional or permanent housing through local means, especially by collaborating with Veterans Service Organizations.
http://nobsvaloans.com/2009/06/help-for-homeless-veterans/
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