Newly-Proposed Bill Would Expand HPAP Eligibility in DC
Last week, a Greater Greater Washington piece illustrated how many DC residents earn too much to take advantage of the city's Home Purchase Assistance Program (HPAP), yet can't afford to buy a house. Now, a new piece of legislation aims to fill that HPAP eligibility gap.
On Tuesday, DC councilmembers introduced a bill that would amend the Home Purchase Assistance Fund Act of 1978 to raise the maximum award limit and the minimum assistance awarded to higher-earning households.
story continues belowloading...
story continues above
If the Home Purchase Assistance Program Amendment Act of 2018 passes, applicants who earn up to 120 percent of the area median income will be guaranteed a minimum award of $32,000 in home purchase assistance.
The introduction of this bill is the latest in a string of efforts the city has made toward creating more housing that is affordable to the city's workforce, from strategic partnerships by the Housing Finance Agency to the recent conditional auction of 33 vacant and blighted parcels.
See other articles related to: council of dc, first-time buyers, home purchase assistance program hpap, hpap, workforce housing
This article originally published at https://dc.urbanturf.com/articles/blog/newly-proposed-bill-would-expand-hpap-eligibility/13546.
Most Popular... This Week • Last 30 Days • Ever
Ten years later, plans to construct nearly 150 townhomes at DC's most hotly debated d... read »
LEGO lovers will likely be first in line for the National Building Museum's latest ex... read »
Last year, Shiloh Baptist Church selected Monarch Urban to redevelop 1515 9th Street ... read »
JBG Smith has plans for a seven-story project along Crystal Drive.... read »
The "trailer park" where homes sell for millions; a renters utopia; and ideas for whe... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
The residential projects that have sprouted up on the Maryland and DC sides of the Fr... read »
With a groundbreaking ceremony on Wednesday, the redevelopment of the Georgetown Wes... read »
The 23,600 square-foot mansion just hit the market, and would set a record if it fetc... read »
The immaculately kept 100-year-old house features six bedrooms and four-and-a-half ba... 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 »
- Reservoir District: 146 Townhomes Planned at McMillan Site Look For Final Design Approval
- BRICK CITY: DC's New LEGO Exhibit Brings in Architecture From Around the World
- HPO Recommends Approval For 45-Unit Condo Development Pitched For Former Church Site in Shaw
- And Another One: Block-Long, 370-Unit Development Pitched For Crystal City
- Wednesday's Must Reads
- First-Timer Primer: Virginia's Home Buyer Assistance Programs
- Mall Conversions, Trader Joes? The 1,500 Units in the Friendship Heights Pipeline
- The Four Seasons Private Residences in Georgetown Break Ground
- DC's Blaine Mansion Lists For $30 Million, A Potentially Record-Setting Price in the City
- Now Selling: A 16th Street Heights Victorian on an Island of Its Own
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