Money For Buying a Condo Or Co-op

In 1999 the U.S. Department of Housing and Urban Development will finance about $9 billion for people to buy condominiums. This is almost double the amount financed in 1997. The program is called Mortgage Insurance – Purchase of Units in Condominiums (234c). They also have a special program for units in co-op buildings called Mortgage Insurance – Single Family Cooperative Housing (203n). Contact your local office of Housing and Urban Development listed in the blue pages of your telephone book, or your state housing office listed in the blue pages of your phone book, or the Housing Counseling Clearinghouse, P.O. Box 10423, McLean, VA 22102; 800-217-6970; {www.hud.gov/offices/hsg/sfh/hcc/hcc_home.cfm}.

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