Come Learn How to Get $40K For Your New Home
There is a meeting tonight at Housing Counseling Service, Inc., 2410 17th Street, NW, Suite 100 (see map here) from 6 to 8pm that will provide information about the Home Purchase Assistance Program (HPAP).
The program (HPAP) is a DC initiative that gives up to $40,000 in financial assistance to low to moderate income individuals to purchase single-family homes, condominiums and apartments. The dollar amount used to be $70,000, but effective January 16, that number was lowered to $40,000.
The money provided by HPAP can be used for a down payment and/or closing costs, and it comes in the form of a low-interest 5-year deferred loan.
Just so you know before coming to the meeting, you must meet the following criteria to be eligible for assistance:
- Be the head of the household and a first-time home buyer.
- Be a low-to-moderate income resident, based on Department of Housing and Community Development standards.
- Have had no ownership interest in residential real estate within the three years prior to the application.
- The purchased home must be the borrower’s primary residence and must be located within DC.
- Have a good credit rating.
This article originally published at https://dc.urbanturf.com/articles/blog/come_learn_how_to_get_40k_for_your_new_home/608.
Most Popular... This Week • Last 30 Days • Ever
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro