The Positive Alternatives Family Grants Down Payment Gift Program provides gift money nationwide to low to moderate income homebuyers, which can be used to pay for their down payment and/or closing costs. The program meets the guidelines for providing gifts for FHA-insured loans as set forth in the HUD Handbook 4155.1 Rev 4, CNG 1, Chapter 2 Section 3C.The Gifts Do Not Have To Be Repaid!
To receive gift funds, the buyer must:
1) Qualify for a home loan that will accept our charitable contribution.
2) Purchase a home from a builder or a seller who is willing to participate in our program. Positive Alternatives has been providing temporary housing and support to those in need of housing since its inception in 1992. The organization also provides positive alternatives to people recovering from addictions, compulsions, dysfunctions and lifestyles that are counter to a healthy, happy life.
Positive Alternatives received its tax-exempt status in May 1993.
Questions regarding The Family Grants Gift Program should be directed to the Administrator's office at:
Family Grants, LLC
28740 US Hwy 98 Suite 14
Daphne, Alabama 36526
To learn more about how the Family Grants Gift Program works, click here.