Housing

G.S. 105-277.1B

Limits property tax bills for qualifying North Carolina homeowners by deferring amounts that exceed an income-based percentage of value.

Amount: Defers property tax above 4%, 5%, or 6% of income depending on household level Deadline: Apply annually with county assessor by June 1 Location: North Carolina

Homeowner Assistance Fund

Federal relief dollars that states use to help homeowners catch up on mortgages, property charges, and utilities after COVID-19 hardships.

Type: Grant Amount: Up to $75,000 depending on the state program; average awards range from $10,000 to $40,000 Deadline: Varies by state (many programs accepting applications until funds are exhausted in 2025) Location: United States

Homestead Exemption - Department of Revenue

Reduces the taxable value of a Kentucky homeowner's residence for seniors aged 65+ and individuals certified as totally disabled.

Amount: Exempts $48,960 of assessed value for 2025 (adjusts biennially) Deadline: Apply with county property valuation administrator by December 31 Location: Kentucky

Honolulu Real Property Tax Credit 2025: Cap Your Taxes at 3% of Income

A complete guide to the Honolulu Real Property Tax Credit for 2025, which caps property taxes at 3% of income for eligible low-income homeowners.

Type: Benefit Amount: Caps property tax at 3% of income Deadline: Sep 30, 2025 Location: Hawaii and Honolulu County

HUD Choice Neighborhoods Implementation Grant

Large-scale grants for local partnerships to redevelop distressed public or assisted housing into mixed-income communities with comprehensive neighborhood revitalization.

Type: Grant Amount: Up to $50 million Deadline: Annual NOFO, typically late spring Location: United States

HUD Family Self-Sufficiency (FSS): The Savings Account That Pays You

A HUD program that helps families in public housing or with vouchers build significant savings (escrow) as their income increases, often reaching $10,000+.

Type: Benefit Amount: Escrow Savings (Average payout ~$8,000) Deadline: Rolling (Check local PHA availability) Location: United States

HUD FHA 203(k) Rehabilitation Mortgage

Combines home purchase or refinance with renovation financing under one FHA-insured mortgage, enabling buyers to rehab or modernize properties.

Type: Loan Amount: Up to FHA county loan limits; rehabilitation portion ranges from $5,000 to structural caps depending on Standard or Limited 203(k) Deadline: Rolling (apply through FHA-approved lenders) Location: United States

HUD Housing Choice Voucher Homeownership Option

Lets eligible Housing Choice Voucher households convert rental vouchers into monthly homeownership assistance for mortgage payments and housing costs.

Type: Benefit Amount: Varies by PHA; monthly assistance equal to applicable voucher payment standard applied to homeownership expenses Deadline: Rolling (based on local Public Housing Authority intake cycles) Location: United States

HUD Housing Opportunities for Persons With AIDS (HOPWA)

Grants that fund housing, utility, and supportive services for low-income people living with HIV/AIDS and their families.

Type: Housing Amount: Varies by locality; assistance can cover full rent, short-term rent/mortgage/utility help up to 21 weeks, and supportive services Deadline: Applications accepted year-round through local project sponsors Location: United States and U.S. Territories

HUD Project-Based Voucher Program

Provides long-term rental subsidies attached to specific housing units, enabling developers and nonprofits to preserve and create affordable housing.

Type: Benefit Amount: Subsidy equals the difference between tenant payment (typically 30% of income) and the contract rent up to HUD limits Deadline: Rolling (PHA Requests for Proposals or owner-initiated proposals on published schedules) Location: United States