About 1.5 years ago, DC launched a partnership with the personal finance company Landed to offer homebuying counseling and assistance to public school teachers and staff. Now, eligibility is being expanded to cover all DC government employees.
Today, the Office of the Deputy Mayor for Planning and Economic Development (DMPED) announced expansion of the partnership.
“This expanded partnership with Landed will help us continue to attract and retain the best and brightest to make our city government thrive and ensure that DC continues to be an attractive place to live and work,” Deputy Mayor John Falcicchio said in a statement.
The program provides city employees who are prospective homebuyers up to 15% toward a down payment, up to $120,000. Landed would then receive a portion of the gain (or loss) if the home is sold or refinanced. Thus far, the partnership has helped 25 DCPS teachers and staff-members purchase homes.
The Department of Housing and Community Development also has an Employer Assisted Housing Program to offer first-time homebuying assistance to DC government employees. Another partnership announced earlier this year offers homebuying assistance to DC's Covid-related essential employees.
Photo by Ted Eytan.
CORRECTION: The eligibility and terms of the program have been updated since publication.
This article originally published at https://dc.urbanturf.com/articles/blog/dc-expands-homebuying-assistance-partnership-with-landed-to-all-city-employ/18042.
Most Popular... This Week • Last 30 Days • Ever
The Park View studio spreads out over just 265 square feet.... read »
When Johnsie Walsh rented a unit in her Stanton Park apartment building, she had no i... read »
The 30,000 square-foot home has been privately offered for sale since 2018.... read »
DC's Office of Planning recently looked at DC's migration patterns in 2022. Today, Ur... read »
The residential conversion at a former bowling alley in DC is moving forward, and new... read »
Why condo fees are high in some buildings and low in others can be a difficult questi... read »
Dupont Circle’s Swann House, a former 15-bedroom bed and breakfast, will be listed ... read »
The development will be located a few blocks south of the Takoma Metro station.... read »
There are two new proposals to redevelop the center at 14th and U Streets NW that are... read »
The M Street building was built in the early 1980s.... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro