Items Tagged with 'Sweat Equity'

ARTICLES

  • HUD awards $10 million in "sweat equity" grants

    More than half the money going to Habitat for Humanity
    The Department of Housing and Urban Development announced this week that it is awarding $10 million in "sweat equity" grants to a group of nonprofit housing organizations. Sweat equity and volunteer labor may include landscaping, foundation work, painting, carpentry, trim work, drywall, roofing, and siding for the housing.
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  • Freddie Mac to allow some borrowers to use “sweat equity” to cover entire down payment

    GSE expands “sweat equity” loan program
    Freddie Mac has long allowed certain borrowers to use “sweat equity” to cover a portion of their down payment, but now, the GSE will allow borrowers to use “sweat equity” to cover their entire down payment. Under the expansion, certain borrowers will be able to “sweat equity,” materials provided or labor completed by a borrower to improve a house before closing on the property, as their full down payment.
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