Ameridream and Nehemiah

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Ameridream and Nehemiah programs

Housing is the main indicator of economic development. Providing housing to low income groups and economically weaker sections is declared as a national priority by the federal government. Community development programs are effective methods of fulfilling this national dream.

Community development programs
Community development programs are jointly arranged by non-profit organizations and the local government for the benefit of weaker sections of population in specific locations. A major problem faced by low income group aspirants in arranging a mortgage for buying home is the initial down payment.

Community development programs address this specific need and help in arranging mortgages without any down payment or very small down payments.

Ameridream and Nehemiah are two national level community development corporations that operate on a non-profit basis to help low income group families to buy their dream houses.

Ameridream programs
Ameridream is a charitable organization that aims at fulfilling the American dream of many low income families - to purchase their own homes. Founded in the year 1999, the company has helped over 300,000 low income group buyers in fulfilling their dreams. Many of the people funded were first time buyers.

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Ameridream down payment gift program
Down payment gift program of the company is most popular down payment assistance program. Under this program, a gift fund is provided to individuals and families that can be used for purchasing homes.

DreamKeeper mortgage payment relief program
This program is planned by the company to assist low income house owners to retain their home in times of financial crisis such as unemployment and disability.

Other programs
Home rehabilitation program and re-development programs are other schemes offered by the company for helping the weaker sections.

Nehemiah programs
Nehamiah Corporation of America is another charitable organization functioning as non-profit organization. The company specializes in community development, home ownership and affordable housing activities. Apart from housing development this organization is involved in many other funding activities for general community development. The company also participates in many rehabilitation programs.

Incorporated in the year 1997, the corporation has helped 200,000 families in buying their own homes. The company works in close collaboration with lending organizations to help achieve this remarkable task.

Nehemiah gift funds
The company offers up to 6 % of the final contract price as gift fund under this down payment assistance program. The gift is extended without any income restrictions. The only requirement is that the mortgage loan raised is through an eligible mortgage program such as FHA schemes.

Nehemiah funding programs
The company has incorporated many subsidiary corporations to fund various communities and specific area development programs. Many Nehemiah loan programs, community development programs are funded through these corporations.

Some such funds that are managed by the company are:

       *    Nehemiah Community reinvestment fund (NCRF)
    *    Nehemiah Community foundation (NCF)
    *    Nehemiah progressive housing development corporation

Amridream and Nehemiah are two charitable organizations working on non-profit basis for community development. They play a crucial role in community development. Low income group families are specifically benefited by these organizations.

If you are planning to buy your dream home and worried about down payments, any one of these organizations can be contacted. Their gift programs may come handy in fulfilling your life-time ambition.

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