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I thought that public assistance tended to be apartments that the city owned and ran?

2007-02-25 16:38:58 · answer #1 · answered by Anonymous · 0 1

I doubt that you will find many that do because of the nature of welfare, it was intended to be a stop gap and not a lifetime benefit.
With welfare reform the 'lifetime' was only supposed to last for five years before a parent was cut off forever.
This would not be considered as steady income for a mortgage company (not a conventional loan anyway).


If you do find a company that does take it, be sure to check with your welfare worker to make sure that owning a house wont disqualify you from collecting public assistance. I am not sure what you need to do to qualify but I recall reading that you were not allowed to have assets that exceeded $250.00 or something low like that.....
If you do and you dont disclose them and they find out , that could consititue welfare fraud.
In northwest indiana around December (might be online, I will look)
some chick was getting welfare and she lied about her assets and she was arrested and went to JAIL. According to the paper, she claimed she did not know that she had to disclose the information and her ignorance defense was not holding much weight with the state's lawyers.

2007-02-26 00:41:22 · answer #2 · answered by lisa s 6 · 0 0

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