June brings more than summer—it’s officially National Home Ownership Month! It’s a perfect time to shine a light on programs like USDA, HUD, and LIHTC that make homeownership possible for families everywhere. Whether you’re a LIHTC affordable housing builder, an affordable housing contractor, or a new homeowner, this month is all about celebrating stability, community, and those everyday responsibilities that come with owning a home. From tax credit programs to prepping your AC for heat waves, we’ll cover what property owners need to know, including special topics like foster care and affordable housing, and how to use tornado season and tax credits smartly.
What is National Home Ownership Month?
National Home Ownership Month isn’t just a celebration—it’s a reminder of the value and impact of owning a home. It spotlights the importance of creating housing opportunities and supporting property owners with resources and awareness.
Tax Credit Programs for Homeowners
Understanding tax credit programs can save money and support sustainable homeownership.
USDA Home Ownership Program
The USDA helps rural residents buy or repair homes with low-interest loans. If you’re a LIHTC builder or working as an affordable housing contractor, this is gold for your next rural development.
HUD Tax Credit Initiatives
HUD backs several tax credit programs to help first-time buyers. Through HUD’s partnerships with LIHTC affordable housing builders, families can access down payment assistance and financing options.
LIHTC Builders & Affordable Housing
A LIHTC builder works to create affordable units that meet federal criteria. These homes are critical for families and individuals coming out of foster care and affordable housing transitions. Working with a licensed affordable housing contractor ensures these projects meet code and qualify for credits.
Special Considerations: Foster Care & Affordable Housing
Younger adults aging out of the system need support. That’s why many LIHTC affordable housing builders integrate transitional units. Through HUD and USDA, these groups receive priority in some projects. It’s a vital part of National Home Ownership Month—building equity for everyone.
Tornado Season & Storm Shelter Tax Credits
We’ve talked about tornado season and tax credits before, but this month, it hits harder. In storm-prone regions, property owners can use federal or state credits to install safe rooms. Whether in a LIHTC project or a single home, storm resilience saves lives and dollars.
Extending Appliance Life: HVAC & Water Heaters
Owning a home means keeping it running smoothly. Here’s how to make sure your appliances don’t call it quits.
Winter-Ready HVAC Checklist
- Replace air filters every 90 days
- Check thermostat settings for energy efficiency
- Schedule a professional inspection before the cold hits
- Look for rust or leaks in vents
These tasks are smart investments for any affordable housing contractor or property owner.
Best Practices for AC Maintenance
- Clean coils before summer
- Test refrigerant levels
- Clear debris from outdoor units
- Use programmable thermostats to manage heat
LIHTC builders and property owners alike benefit from preventative care—it keeps bills low and tenants happy.
What Happens After LIHTC Builder Leaves
Once a LIHTC builder completes a project, who keeps it up? That job falls to property owners or property managers. Knowing what needs regular maintenance—from roofing to HVAC—is key. Even with great construction from an affordable housing contractor, upkeep is everything.
Seasonal Maintenance Timeline for Property Owners
- Spring: Clean gutters, inspect the roof
- Summer: Service AC, test smoke alarms
- Fall: Check heating systems, clear chimneys
- Winter: Insulate pipes, inspect for drafts
This schedule keeps homes running all year and supports the goals of National Home Ownership Month.
Homeownership All Year Long
National Home Ownership Month is a celebration, but also a call to action. From exploring HUD and USDA opportunities to applying tax credit programs and preparing for emergencies like tornado season and tax credits, there’s a lot to appreciate and improve. Whether you’re a LIHTC affordable housing builder, affordable housing contractor, or proud new owner, these efforts shape strong, lasting communities. For questions or h
